A vacant Catholic school will be converted into a 23-unit affordable-housing complex in Banglatown, marking a $6.4 million investment in the neighborhood.

Developers will transform the old Transfiguration School, currently owned by the Archdiocese of Detroit, into one- and two-bedroom units while maintaining the historic integrity of the building. Ethos Development Partners and Building Blocks Nonprofit Housing Corporation are the team behind the renovation and will acquire the property from the Archdiocese later this year.

Each of the 23 units will be priced at 60 percent of the area median income. The development is funded by HOME funds, historic tax credtis and low-income tax credits. Construction is scheduled to begin in fall 2018, but community meetings and resource fairs will be held on a regular basis until then. The development team also plans to demolish 18 vacant homes near the school.