CLEVELAND, Ohio – A project that would add nearly 100 apartments in the trendy Tremont neighborhood – with more than half targeted at working-class renters -- will likely get tax incentives Monday that would help finance the development.

Sustainable Community Associates, the development group that restored the nearby Wagner Awning Building, wants to put up a four-story, mixed-use building on Scranton Road between Auburn and Branch avenues.

Their $22-million Tappan Building would include 95 apartments, 60 percent of which would be targeted at workforce renters with incomes of $46,000 a year or less.

Josh Rosen, one of three partners in the development group, told City Council’s Finance Committee recently that the project reflects an unfilled demand for apartments that working-class renters can afford.

Because their project doesn’t involve federal housing funding, the developers can target that income level without being hamstrung by regulations from the Department of Housing and Urban Development, Rosen said.

Rosen touched on that affordability in an interview with The Plain Dealer in February.

“These sorts of units, you’re more able to afford than the same apartment downtown that may be $2,000. … The idea is, you can live here at market rate, but a teacher can also afford to live here,” Rosen told The Plain Dealer.

As a housing developer, Sustainable Community Associates is eligible for a 15-year tax abatement on improvements it makes to the now-empty property.

On Monday, the Finance Committee is expected to consider legislation that also would grant a 30-year, tax-increment-financing plan to help finance the project. Under the plan, the money that would be paid in taxes once the abatement expires would be used to finance the improvements.

The proposal could get final approval Monday evening from the full City Council.

In addition to the apartments, the developers hope to lure a bakery for the first-floor of the building. The bakery, developers have said, would be a venture by a first-time business owner.

The project is expected to create eight full-time jobs with an annual payroll of about $400,000, according to Mayor Frank Jackson’s administration.

The city would gain income taxes from the residents and from the business.

The tax-increment-financing plan would not affect revenues to Cleveland city schools.

The building site is across Scranton from the former Ohio Awning & Manufacturing Co., another project that Rosen and his Sustainable Community Associates partners Naomi Sabel and Ben Ezinga developed.

The group also redeveloped the Fairmont Creamery building nearby on Willey Avenue. That 100,000-square-foot building was nearly vacant at the time. It now holds 30 apartments, offices and a gym.

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