Mercy Housing is Planning a Walker’s Point Building
Mercy Housing Lakefront is proposing a five-story apartment building, which would be located at the Southeast corner of 1st St. and Pittsburgh Ave. in Walker’s Point. This 55 unit apartment building is intended to serve independent adults 55 and older with incomes ranging between 30% and 60% of the area median income. The units will be one and two-bedroom apartments, 31 of which will be one-bedroom units, with the remaining 24 as two-bedroom units. The units will have rents as low as $400 per month and high as $960 per month for a two bedroom.
If Mercy Housing Lakefront is successful in gaining tax credits for the project construction would begin in late summer or early fall 2011.