Grandview Tower renovation funding
Summary
The city is putting another $250,000 of federal HOME funds into the Phoenix Apartments rehab, bringing its total investment to $500,000. The 40-unit complex gets a full gut rehab, with two units kept income-restricted for low- to moderate-income tenants.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jul 30, 2026.
Impact analysis
$250,000 in HOME funds, on top of $250,000 already committed — $500,000 total.
HOPE of Evansville and future tenants, including two income-restricted units.
Mentions & discussions (3)
Board of Public Works - Jul 30, 2026
The city is lending $1,075,000 across three programs to help rehab Grandview Tower, preserving affordable housing. The loans go to Grandview Apartments Preservation LLC.
Board of Public Works - Jul 23, 2026
The city is putting another $250,000 of federal HOME funds into the Phoenix Apartments rehab, bringing its total investment to $500,000. The 40-unit complex gets a full gut rehab, with two units kept income-restricted for low- to moderate-income tenants.
Affordable Housing Fund Advisory Committee (AHFAC) - Jan 13, 2026
A $42 million plan to renovate all 170 apartments at Grandview Tower, mostly with state tax credits, got a $425,000 loan from the city's affordable housing fund. Keeping 170 rental units livable matters for renters in this market.
Related development
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