Fresno Housing said Tuesday it has secured about $25 million in federal and state tax credits to convert an emergency shelter in the Parkway Drive area to affordable housing.

“Parkway Drive has a long history of challenges, but today it represents one of Fresno’s most promising examples of what reinvestment and community vision can accomplish,” said Tyrone Roderick Williams, CEO of Fresno Housing, in a news release.

“The tax credit award for Davu Village continues the momentum of turning once-dilapidated sites into vibrant communities that offer safety, stability, and opportunity.”

Davu Village marks a significant milestone in broader revitalization efforts planned for the Parkway Drive corridor led by Fresno Housing and the city of Fresno, local officials said.

“For five years, we’ve worked to meet people where they are — providing services, skills training, and temporary housing. Davu Village takes that work further — by bringing permanent housing to 63 people who were formerly homeless. This is another way to give them the stability they need to rebuild their lives and succeed,” said Fresno Mayor Jerry Dyer.

Features of Davu Village

When the conversion is completed, Davu Village will provide:

• 63 affordable studio apartments
• Outdoor green space
• Community center for onsite services, events and resident engagement
• Laundry facilities
• Gated Community
• Onsite property management

The village site is 1415 W. Olive Ave., where a former emergency shelter, Golden State Triage Center, was located.

Construction on Davu Village is expected to begin this summer after all the financing is in place.