Berdan bldg may get $2 Million grant - 13abc.com Toledo (OH) News, Weather and Sports

Berdan bldg may get $2 Million grant

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The renovation at the berdan building may soon include $2-million dollars from a HUD grant.

Toledo City Council is likely to approve that money at its next meeting...  but Mayor-elect D. Michael Collins says, to get that money, apartment units must be made available to lower income residents.   

Collins tells 13abc, "The large percentage will be market rate but they have to have a set aside for those who are at the poverty rate or below."

Collins says development of the Berdan building is part of a prcoess in developing Toledo's downtown area.

Developer Karp-Prater is spending $20-million dollars on 115 apartments and office space.  This is the same firm that renovated the Standart Lofts building, downtown.

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