Akron City Council passed an ordinance that paves the way for the final phase of the Edgewood Village neighborhood revitalization project in Ward 3. With the approval, construction of a four-story building composed of 50 apartment units and first-floor space for community and business use will begin late this year or early next year.
Edgewood Village is an 11-acre planned neighborhood of attractive mixed-income housing including garden apartments, townhouses and single-family homes. The 172 unit project is being managed by Akron Metropolitan Housing Authority and funded in part by a $20 million Hope VI grant from the U.S. Department of Housing and Urban Development.
“I haven’t seen money from the Federal Government flow into Akron like this since Lyndon Johnson was president, said Ward 6 Councilman Bob Otterman, who has become of champion of senior citizens in his second tour of duty as councilman. “Edgewood Village represents a significant investment and development in low-income housing, and I would like to see more developments like this for the senior citizens in our community,” he said.
When completed, more than $52 million will have been invested in Edgewood Village by a partnership that includes the City of Akron, Akron Metropolitan Housing Authority, Department of Housing and Urban Development, Ohio Housing Finance Agency, Ohio Capital Corporation for Housing and other private and non-profit organizations.