The City of Hammond is proud to announce a major $22.5 million investment in the comprehensive renovation of Renaissance Towers & Apartments, one of Indiana’s largest affordable housing communities.
The planned rehabilitation will cover the entire complex — including two senior towers and 12 family buildings, totaling 450 units — with an average investment of approximately $50,000 per apartment. Construction is expected to take 18 months once the project commences. During the redevelopment and construction, disruption to residents will be minimized as the developer is committed to completing individual units in as little as a week’s time.
The redevelopment will be led by Renaissance Preservation LLC and their preservation division Sena Affordable Communities, a nationally recognized leader in affordable housing preservation. The developer has applied for tax credits through the Indiana Housing and Community Development Authority (IHCDA), with the City of Hammond providing a letter of support for the application. Renaissance Preservation LLC anticipates closing on the transaction sometime between the end of this year and March 2026.
“Sena Affordable Communities, in collaboration with the City of Hammond, is proud to invest more than $26 million in the transformative renovation of Renaissance Towers Apartments for the families and seniors that call it home,” said parent company L+M Development Senior Associate Sophie Cohen. “This project is set to deliver modern, comfortable and energy efficient apartments and shared spaces, with comprehensive infrastructure and facade upgrades that will shore up the community for decades to come.”
Mayor Thomas M. McDermott, Jr. commended the developer’s professionalism and commitment to Hammond. “Sena Affordable Communities and the L+M team have been excellent partners—professional, responsive, and committed to long-term community investment,” said Mayor McDermott. “This major renovation will not only modernize Hammond’s largest affordable housing community but also strengthen the city’s ongoing efforts to improve living conditions for our residents.”
Sena Affordable Communities is also exploring additional opportunities to invest in and update other residential complexes in Hammond, reinforcing their long-term commitment to the city.
