YOUR MONEY: Dayton Recovery Plan money OK’d for housing, childcare site upgrade

DAYTON — Affordable housing for seniors and an expansion of a childcare facility are the latest projects in line to receive approximately $1.5 million in investments through Dayton Recovery Plan money.

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Investments of $1.5 million and $75,000 are going to the St. Mary Development Corp. and Speedie Childcare, according to a statement Thursday from Dayton Recovery Plan officials. The Dayton City Commission approved the expenditure at its meeting Wednesday, according to the plan liaison’s office.

St. Mary Development Corp., a non-profit housing developer/provider serving low-income seniors in Dayton for three decades, is leveraging its experience and partnerships to build affordable housing in a Dayton Recovery Plan targeted area.

The agreement with St. Mary Development will provide funding toward construction of 10 cottage-style senior apartments and a health clinic space.

The project will be a continuation of the Hoover Campus in the city’s Little Richmond and Residence Park neighborhoods. The Hoover Campus includes several phases of senior-focused affordable housing representing more than $28 million in development over the past 20 years.

Cottage style apartments are the most sought-after type of senior affordable housing and will add to the variety of homes available on the Hoover Campus, according to recovery plan officials.

Funding for St. Mary Development is part of the Dayton Recovery Plan’s Supporting Our Neighborhoods initiative.

Speedie Childcare will expand access to quality early learning programming by addressing space and health/safety concerns. The Speedie Daycare 2 project will complete the renovation of a facility on North Paul Laurence Dunbar Street through interior and exterior improvements and will purchase needed furniture and equipment.

Within six months of completion of the project, Speedie Childcare expects to increase its client capacity by 50 percent, as evidenced by ongoing enrollment patterns, with the number of Black and Brown children and families served increasing as well, according to recovery plan officials.

Funding for Speedie Childcare will be provided through the Plan’s Supporting Black and Brown Businesses initiative.

About the Dayton Recovery Plan

The Dayton Recovery Plan is an opportunity to address the infrastructure, economic and equity issues that exist in the city by using a data-driven approach to analyze socio-economic, health, and demographic data to make informed funding decisions. These investments directly impact minority communities disproportionately impacted by the pandemic and long-standing economic and social inequities in Dayton. The Dayton Recovery Plan is the city’s innovative plan to utilize Dayton’s share of the American Rescue Plan Act (ARPA) funds. The $138 million award is the largest grant in Dayton’s history, according to city officials.

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