New apartments to be built in downtown Lima - Hometownstations.com-WLIO- Lima, OH News Weather Sports

New apartments to be built in downtown Lima

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The City of Lima will soon be seeing some construction in the downturn that city officials hope leads to even more.

Lima City Council will get a letter Monday night from Testa Enterprises, Incorporated of Cleveland that they will be building a 48 unit apartment complex at the corner of East Elm Street and South Central Avenue.

A Bonded gas station used to sit on the site, that site was demolished years ago.

The "Union Square Apartments" will be developed using low-income housing tax credits targeting individuals who are at risk of homelessness, persistent mental illness or suffer from substance abuse.

This will be a 5.5 million dollar project that if all the paperwork is completed and signed off on, should begin construction this year.

Units will be priced at 501 dollars a month, but with subsidies involved, a tenant would only pay 30 percent of their income to their rent.

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