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Published: Thursday, 4/15/2004

Fostoria planners OK 38-unit housing proposal

FOSTORIA - The city planning commission has given conditional approval to construction of 38 housing units on the city's east side.

KG&R Development Corp. of Tiffin plans to begin the first phase of a 126-unit development at Dillon Road and Columbus Avenue in August. Plans call for the initial phase to include 30 rent-to-buy homes and eight units for first-time buyers.

The first phase will cost $3.6 million and is being partially financed with more than $2 million in tax credits and a $750,000 low-interest loan from the Ohio Housing Finance Agency.

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