The non-profit owners of the Arvilla, an affordable housing building on the 4500 block of Osage Avenue, insisted on Monday that they will go through with the sale of the building despite pleas from some residents and neighbors.
Representatives of Mission First Housing Group, one of the largest providers of affordable housing in the city, said during a Spruce Hill Community Association (SHCA) zoning meeting that it can’t afford the necessary renovations required to maintain the 14-unit building and will go through with a sale that will likely convert the building to market-rate apartments.
“The costs of modernizing the building are much higher than we can cover,” Mission First’s Director of Business Development Mark Deitcher said. “We have to pull the plug on the building because of the capital needs of the building.” Continue Reading
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