Latest Breaking News On - Valparaiso economic development corp - Page 1 : vimarsana.com

VALPARAISO — The city is working to turn two apartment buildings now used for Valparaiso University students into affordable housing, Mayor Matt Murphy said. Murphy, in his annual State of the City address, said the city is working with the owners of the four Uptown East buildings on East Lincolnway to convert the buildings as part of the city’s Valpo Works program. Tenants of the 119 apartments would be workers whose household income is 50% to 70% of the area’s median, Murphy said. “The owners of Uptown intend to invest more than $3 million in this conversion,” Murphy said. The Valpo Chamber and Valparaiso Economic Development Corp., both housed next door to City Hall, have agreed to help spread the word to local businesses, he said.

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