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Renovation Plans Approved For Bloomington Affordable Housing Complex

By Alex Eady

Posted May 3, 2019

A google maps image of the former Canterbury Apartments complex.

A view of the former Canterbury Apartments located at 540 S. Basswood Drive. (Credit: Google Maps)

Major renovations are ahead for a Bloomington affordable housing complex formerly known as Canterbury Apartments.

Earlier his week, the Bloomington City Council approved $26 million in economic development revenue bonds for the purchase of the property located at 540 S. Basswood Drive. The affordable housing complex currently sets aside 80 percent of its more than 200 units for tenants with income at or below 60 percent of the area’s median income. But after the renovations, 100 percent of the units will be designated for affordable housing.

Brian Payne is the Assistant Director of Economic & Sustainable Development for the city of Bloomington. He says this is an opportunity for the city to invest in housing affordability.

“We will get 24 million dollars’ worth of value in improvements to crucial affordable housing stock and about 40 units will become affordable as a result of the renovations,” he says.

Site renovations will include new roofing and flooring, updated appliances, safety improvements and parking lot repairs.

The property, currently owned by Herman & Kittle Properties, Inc., will now become Limestone Crossing Apartments.

While renovations are ongoing tenants will be relocated to alternate on-site units or temporary off-site housing at no cost.

Renovations are projected to be complete by 2022.

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