City officials hope the second time proves the charm for efforts to revitalize an often-troubled central city apartment complex.
The Housing and Neighborhood Development Services (HANDS) Board Wednesday is expected to support Millennia Housing's application for the state tax credit the Cleveland-based company needs for the proposed $12 million renovation of the Eden Green Apartments at 2201 Reed St.
Millennia, which bought the property in late 2011, made a similar but ultimately unsuccessfully bid with the Indiana Housing and Community Development Authority. But Deputy Director of Housing and Neighborhood Services Heather Presley-Cowen said the board hopes to improve Millennia's chance for success this year by recommending only a single project to the state this year instead of the multiple projects endorsed in past years.
Although Eden Green has received its share of negative publicity because of crime and other problems, Presley-Cowen said Millennia has worked to remove problem tenants and remains determined to improve the real estate as well.
Millennia's plan calls for at least one building to be razed and the construction of 16 new units and a community center, Presley-Cowen said. The complex currently has 192 units and is expected to retain a similar number even after the changes.
If approved by the HANDS Board and Mayor Tom Henry, Millennia's application would be due to the state by early next month, with a decision expected by February.
Another major project the previously sought but failed to receive tax credits may also come back for a second try, perhaps as early as next year.
In 2011, Boston-based Community Builders outlined plans for a $50 million project to add 80 homes in the city's Renaissance Pointe area and convert the former Coca Cola plant on Pontiac Street into apartments. Presley-Cowen said that project and the Eden Green improvements would both complement Renaissance Pointe, which to date has seen the construction of about 80 new homes and renovation of others.