Meadows Point Apartments, a low-income elderly housing complex in Enid, could be undergoing significant renovations in the near future.
There are several areas the complex's management company aims to address at the 99-unit facility. Nothing too major, but buildings of Meadows Point's age and era often need updates, according to Tom Gorman, head of Bartlesville-based Gorman Management Co.
"Our intention is to ... upgrade and improve that facility, which was built in the early '80s, I believe '81. We've been maintaining it, but it has not been upgraded since," Gorman said.
Gorman Management doesn't own the facility, but was brought on to manage it back in 2005, according to Gorman. In that capacity, he represents and speaks for the owner, he said, Christian Churches Housing Foundation Inc.
The big issue is water. When it rains especially hard, moisture finds its way into the apartments, he said. Add strong winds and the problem worsens.
"The primary goal here is to get the building watertight," Gorman said. Exterior construction should ideally create a "waterproof sheath" around a structure, but Meadows Point is not waterproof.
"We don't have major issues with water leaks or anything of that nature, but when we have hard blowing rains, we do have some water infiltration," he said.
Fixing that means a new exterior finish, he said, and also overhauling the air conditioning system.
"If you've ever looked at it, the air conditioners poke through the walls at every window, so new air conditioning units that are properly sealed, and then new windows. That's mission number one," Gorman said.
There are plenty of secondary priorities too, including new flooring, new kitchens, new bathrooms, improvements to community spaces, and a storm shelter large enough to house all residents.
Any renovations, installations and remodels won't be happening too soon, Gorman said, so plans are somewhat vague for the time being.
"These are just conceptual plans," he said. "When we are funded, then we will really drill down into the nitty gritty."
Funding is dependent on whether Oklahoma Housing Finance Agency provides tax credits for the Meadows Point projects, and it will be months before Gorman's application is considered.
"It's a competitive process, so not all applications get funded. If we do get funded, then we would move ahead with the actual rehabilitation of the property," Gorman said.
Rent and income restricted housing, like Meadows Point, is often financed by the sale of tax credits, which are provided by the federal government to state organizations, in this case OHFA, to distribute as needed.
OHFA trustees will consider the application on May 27, 2020, Gorman said, and likely will make the decision to provide tax credits, or not, at that time or soon after.
He is confident the trustees will vote in favor.
"It costs a decent amount of money to put in an application ... so we don't apply unless we think there's a reasonable chance that we're going to get funded," Gorman said.