This ordinance approves a $3 million grant for the development of Granville Woods Lofts, an affordable housing and mixed-use development. Phase I includes 58 units targeted at households earning 50% to 80% AMI, with commercial space along Livingston Avenue. The project is strategically located near public transit and community amenities.
Granville Woods Lofts addresses the pressing need for affordable housing and fosters economic revitalization by incorporating residential and commercial uses.