Two Organizations Eye Carpenter Hall Purchase< < Back to
Two organizations are in the contract stage of acquiring Carpenter Hall in Athens, Ohio.
In a Facebook post published last Tuesday, Integrated Services for Behavioral Health announced it will partner with the Ohio Finance Fund to purchase the building.
Integrated Services plans to both purchase and renovate the building through low-income-housing tax credits. According to the organization, the acquisition and renovation will cost an estimated $8 million.
The organization explained it decided to purchase the apartment once it learned last fall that it would soon be marketed for sale.
“Carpenter Hall has been a stable and inclusive home for a diverse community of residents since the early 1980s,” the post read.
The online post included a rendering of a renovated Carpenter Hall. The updated facade would feature a new mural design led by Patty Mitchell, a local artist. The renovation would also include a new lobby, a leasing office, a community kitchen, laundry and exercise room.
Carpenter Hall provides low-income housing to Athens residents. The building currently has 53 units. The building is currently owned by Carpenter Hall Ltd. of Columbus.