ONE Northside

Stories

Mercy Housing buys one of Uptown's last SROs out of foreclosure, preserving it as affordable housing

Led the Save the Leland campaign

The city's Community Development Commission approved $20 million in tax-increment financing for the Leland, a subsidy that sends growth in an area's property tax revenue to the $59.2 million rehab. Mercy Housing Lakefront aims to close its construction loan in June 2027 and finish the work in September 2028, according to a city housing department staff report.

Updated Oct 28