Support for tax credits given to new housing projects

February 03, 2015

Council passed two resolutions in support of state tax credits for two affordable housing projects in the city’s Lane-Wooster and North Hill areas. One of the projects is being developed by the East Akron Neighborhood Development Corporation and American Community Developers. They propose to rehabilitate 209 one- and two-bedroom rental units in Spring Hill Apartments. The other project is called The Villas at San Tomasso. It is a $10 million proposal by Testa Enterprises to build 50 four- and five-bedroom apartments adjacent to Summa St. Thomas Hospital for resettled refugees. Both tax credit proposals are subject to state approval. 

Feb 2, 2015 from Akron City Council on Vimeo.