Brightpoint to convert school into housing
It’s not tiny houses, but Brightpoint is involved in a $5.4 million project that would increase affordable housing by converting a former school into apartments.
According to an application for incentives to be considered Tuesday by City Council. Slocum Pointe LP/Brightpoint will work with Keller Development to buy and renovate the former Frances Slocum Elementary into housing for residents earning 60 percent or less of the area median income. The property at 2529 Curdes Ave. is currently owned by Parkview Hospital.
The project is expected to create two jobs with average salaries of $16,770, with work starting in August 2018 and completion a year later.
If council approves the requested abatement, developers would save $953,735 taxes on the improvements over 10 years.