SOUTH BEND, Ind. -- The City of South Bend is partnering with a developer on improvements to an apartment complex.

Officials announced a partnership with L+M Development Partners on a rehabilitation and preservation project for Beacon Heights Apartments. 

According to a press release, the multi-million-dollar project will support renovation of all existing housing units to ensure affordability and improve conditions. Officials say the project will be structured in a way that will not displace current residents during construction.

Under the proposed agreement, L+M will complete the full renovation, pursue Low-Incoming Housing Tax Credits (LIHTC), and maintain ownership for at least 15 years.

The city will provide $1.25 million in financing through a loan that could be forgiven upon the project's completion. 

Construction is expected to begin in the coming months. The aim for completion is June 2030.