The Main South CDC’s board targeted a comprehensive redevelopment effort rather than a scattered site approach of acquiring individual problem properties. In 2000, the agency completed the renovation of nine abandoned and fire-damaged buildings on the corner of Beacon and Oread Streets.
This project facilitated the demolition of substandard property, the acquisition of 18 vacant and blighted lots, the renovation of existing buildings, and the construction of new affordable housing units that were aesthetically and architecturally compatible with the surrounding properties. The result was the transformation of one of the most troubled streets in the neighborhood.
- Renovation of 25 housing units
- Low Income Housing Tax Credit (LIHTC)
- Home Investment Partnership Program