Developer waits on funding for Buffalo apartments

The plan to convert the Buffalo Elementary School building into a housing complex for the elderly is on hold since the developer has not secured funding for the project.

In last week’s school board meeting, Superintendent Sam Sanders said he received a letter from AU Associates of Lexington stating the project did not receive funding through the National Stabilization Program.

In a telephone interview, Johan Graham, financial manager for AU, said the rejection “was not unprecedented.”

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