Grand Opening Held for Stone Ridge Village Senior Housing

(Stone Ridge Village is a 40-unit new construction senior housing development in Stark County developed by Testa Companies and iCAN.)

July 16—Testa Companies, iCAN, and other partners gathered together to celebrate the opening of Stone Ridge Village with a ribbon cutting ceremony today. The $8 million development features 40 two-bedroom units, 3 laundry areas, a fitness room, library and computer room, multi-purpose room, lounge and lobby, and an outdoor patio area.

All homes incorporate energy efficient design and meet the Enterprise Green Communities criteria and Universal Design criteria. Amenities include window blinds, celling fans, air conditioning, extra storage, carpet, intercom/emergency call systems, and sizeable storage spaces and closets.

Testa Real Estate Management Group provides management services and a service coordinator who assists residents with referrals to supportive service agencies for available programs.  

Stone Ridge Village was developed using a combination of Low Income Housing Tax Credits administered through the Ohio Housing Finance Agency (OHFA), a construction loan through Huntington National Bank, an OHTF loan through OHFA, HOME funding through Stark County, AHP funds through the Federal Home Loan Bank and funding from USDA Rural Development. Equity investment was provided by Ohio Capital Corporation for Housing. 









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