Aeon pursues senior affordable housing on University Avenue
Aeon, a nonprofit development group, hopes to build a 124-unit senior apartment building at the corner of Vandalia Street and University Avenue. If the group’s application is approved, groundbreaking is expected to be in October 2017.
The proposed development would include 124 units: 99 studios and 25 one-bedroom apartments. All units will come under the affordable-housing umbrella, which means residents would not be required to pay more than 30 percent of their income.
Maximum rents would be $901 to $966, according to Blake Hopkins and Bryant Au, who presented information about the development to the District 12 Land Use Committee in May. Aeon’s original proposal for the 1.79-acre site was to build 140 multifamily units.