Duluth, MN (NNCNOW.com) --- The project to turn the former Lincoln Park Elementary School into affordable housing in Duluth got quite the financial boost. The Duluth Economic Development Authority was awarded $207,500 by the Minnesota Department of Employment and Economic Development’s (DEED) Redevelopment Grant Program for the revitalization project in Lincoln Park. The project includes abatement and demolition work as part of the Sherman Associates’ vision to turn the elementary school into 50 units of affordable housing and 45,000 square feet of office space. The project is expected to retain 31 jobs, create two new jobs and increase the city’s tax base by $65,799. “We are grateful for DEED’s investment in this important revitalization project," says Duluth Mayor Don Ness. "Duluth is fortunate to have the leadership and vision of George Sherman who makes the kind of investments in our city that create healthy sustainable communities". City officials say the redeveloped property provides needed housing and will revitalize the neighborhood as well as bring together multiple non-profit providers to serve building residents and the community. Rehabilitation of the building for housing is anticipated to start in May 2014. Community Action Duluth, the Human Development Center, Boys & Girls Club and the Lincoln Park Children & Family Collaborative are organizations that will share space in the renovated building. The Duluth Economic Development Authority was among 7 awardees selected from a pool of 25 applicants and one of two out state award recipients. Posted to the web by Krista Burns kburns@kbjr.com