High PriorityDevelopmentopen

Phoenix Apartments acquisition

Summary

Up to $250,000 from the city's Affordable Housing Fund was proposed for Hope of Evansville's Phoenix Apartments project, with conditions attached.

At a glance

Last discussed Mar 30, 2026.

💰Financial impact

Up to $250,000 from the Affordable Housing Fund.

✅Who benefits

Hope of Evansville and future residents of the Phoenix Apartments.

Up to $250,000 from the city's Affordable Housing Fund was proposed for Hope of Evansville's Phoenix Apartments project, with conditions attached.

HOPE of Evansville is buying the 40-unit Phoenix Apartments for $3.5 million with a $250,000 grant from the fund, helping keep the units affordable.

A full down-to-the-studs rehab of 40 apartment units, with two units permanently set aside as income-restricted affordable housing.

We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.

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