Clarksdale was A 65-year old public housing development comprised of 713 dwelling units and 15 non-dwelling units. Just east of downtown, it sits on six city blocks, totaling approximately 29 acres. But now Clarksdale is in the process of a renwel with more than $200 million in tax credits, federal and private funds. Clarksdale I HOPE VI: $20 million grant and Clarksdale II HOPE VI: $20 million grant. Clarksdale I (in process) Includes the 4-block area west of Clay Street. Over 500 new units will be constructed on-site in Phase I, to include a mixture of apartments townhouses and over 160 for sale homes. The Community Builders Inc. is LMHA's on-site developer partner. Clarksdale II will include 218 rental and 4 lease-for-own public housing units off-site. The Housing Partnership, Inc. and New Directions Housing Corp. are LMHA's off-site developer partners. 176 public housing rental units and 4 lease-to-own public housing units will be developed off-site as part of the Clarksdale I revitalization. Clarksdale Phase I is projected to be completed in four years (September 30, 2008). The time frame for Phase II is also four years, with completion in 2009.