Broad Street Revitalization

Broad Street Revitalization is a four building mixed-use project in Elmwood that runs along the neighborhood’s main street, Broad Street. It’s made up of 25 affordable apartments and commerical and community space. Tenants include The Elmwood Financial Center and ONE|NB partner, Project Weber/RENEW.

Location: Broad Street, Reynolds Street, and Chester Street in Elmwood

Housing Type: Affordable rentals and commercial space

Completed: 2011

Units: 25 residential, 5,000 sq ft. of commercial space

Contractor: Stand Corporation

Architect: David Presbrey Architects

Financing: LIHTC, RIH 1st Mortgage, RIH Targeted Loan, HOME, Lead funds, Neighborhood Opportunities Program, BHRI

Project Cost: $7,048,765