Inside INdiana Business is reporting the Indiana Housing and Community Development Authority has awarded nearly $20 million in funding to 17 low-income housing projects throughout the state. The organization says the funding should give private developers and investors more incentive to provide affordable rental housing options.
The projects received a total of $14.4 million in Rental Housing Tax Credits and $5.5 million in additional funding from the IHCDA’s Development Fund, HOME and Housing Trust Fund. The organization says the projects being funded will provide more than 800 additional units of affordable housing options.
Projects in Allen County received more funding than any other county.
“This announcement will significantly improve the lives of some of our most vulnerable residents, including those who are low-income, chronically homeless, disabled, and seniors,” said Kelly Lundberg, director of the Fort Wayne Office of Housing & Neighborhood Services. “These projects will turn 49 vacant lots into single-family homes and the outdated Frances Slocum School into 43 multi-family apartments, as well as add 56 new apartments for residents who are at risk of homelessness.”
The funding recipients include:
Biggs Workforce Housing – Columbia City / Fort Wayne (Whitley County / Allen County)
- New construction of 24 single family homes on Blight Elimination Program lots throughout Fort Wayne and the new construction of 24 single family homes on a single site in Columbia City by Biggs TC Development, LLC, creating 48 units of workforce housing. Awarded $921,524 in RHTCs.
Blue Mozingo – Indianapolis (Marion County)
- Rehabilitation of the Blue Triangle from 96 single room occupancy units into 44 efficiency apartments and the renovation of Mozingo Place into a 28 unit complex by Partners in Housing Development Corporation, creating 72 units of affordable rental housing. Awarded $1,134,438 in RHTCs and $500,000 from the Development Fund.
Boonville Homes – Boonville (Warrick County)
- The new construction of 22 one and two-bedroom apartments, nine lease purchase townhomes (2br & 3br), and 13 lease purchase single family homes (4br) to create workforce housing in Boonville by MV Affordable Housing. Awarded $1,060,000 in RHTCs and $500,000 from the Development Fund.
Central Lofts – Evansville (Vanderburgh County)
- Adaptive reuse of a historic former YMCA building in downtown Evansville, creating 62 affordable apartment units by AP Development LLC. Awarded $1,149,319 in RHTCs.
Edinburgh Commons – Edinburgh (Johnson County)
- Rehabilitation of Country Place Apartments, an existing 24 unit USDA RD 515 property by Woda Cooper Development, Inc., preserving the 24 unit multifamily affordable housing development. Awarded $271,426 in RHTCs.
German Church Senior Apartments – Town of Cumberland (Marion County)
- New Construction of 60 affordable two-bedroom apartments in the Town of Cumberland by T&H Investment Properties, LLC and TWG Development, LLC. Awarded $886,849 in RHTCs and $500,000 from the Development Fund.
Miller Parrott Lofts – Terre Haute (Vigo County)
- Adaptive Reuse of the former Miller Parrott Baking building by The Sisters of Providence of Saint Mary-of-the-Woods and Vision Communities, creating 54 affordable units for seniors. Awarded $870,000 in RHTCs and $500,000 from the Development Fund.
Neighborhood Homes & Apartments – Columbia City / Fort Wayne (Whitley County / Allen County)
- New construction of 25 single family homes on Blight Elimination Program lots throughout Fort Wayne and the new construction of Van Buren Flats, a 25 unit building on a vacant lot in downtown Columbia City, creating 50 units of affordable family housing by SCAN, Inc. and Biggs TC Development LLC. Twelve units will be reserved for people with intellectual or developmental disabilities. Awarded $1,188,503 in RHTCs.
Otterbein Commons – Otterbein (Tippecanoe County)
- Otterbein Commons is the adaptive reuse of a former nursing home with a new construction element to create 32 units of family housing by Area IV Development, Inc. and Keller Development, Inc. Seven units will be reserved for people with intellectual or developmental impairments. Awarded $526,000 in RHTCs.
River View – Vincennes (Knox County)
- River View is the new construction of 44 units by Advantix Development Corporation and Myszak & Palmer, Inc. It will be comprised of 22 one bedroom units in a multi-family building and 22 three bedroom single-family scattered-site units. Awarded $730,000 in RHTCs, $500,000 from the Development Fund and $400,000 in HOME funds.
River’s Edge – Fort Wayne (Allen County)
- River’s Edge is the new construction of 56 permanent supportive housing units in Fort Wayne by UP Development, LLC. Awarded $1,200,000 in RHTCs, $500,000 from the Development Fund and $400,000 from the Housing Trust Fund.
Slocum Pointe – Fort Wayne (Allen County)
- Adaptive reuse of the former Frances Slocum school and new construction addition by Brightpoint and Keller Development, creating a 43 unit multifamily affordable housing development. Awarded $650,000 in RHTCs.
Tipton Senior Apartments – Tipton (Tipton County)
- New construction of 49 units of affordable housing for seniors by Midwest Support Foundation and TWG Development. Awarded $765,627 in RHTCs and $500,000 from the Development Fund.
Trailside Townhomes – Kokomo (Howard County)
- New construction of 45 units of affordable lease purchase housing by Advantix Development Corporation. Awarded $742,500 in RHTCs, $400,000 in HOME funds and $500,000 from the Development Fund.
Union Place Apartments – Lafayette (Tippecanoe County)
- New construction of a 40-unit permanent supportive housing development by Lafayette Transitional Housing Center, Inc. and Keller Development, Inc. Awarded $828,148 in RHTCs.
Wagon Works – Huntingburg (Dubois County)
- The new construction of 56 affordable, studio, one-bedroom, and two-bedroom apartments near downtown Huntingburg by Paragus Development, LLC, fulfilling one of the goals of Huntingburg’s 2014 Stellar Strategic Investment Plan. Awarded $794,541 in RHTCs.
Warren Village II – Terre Haute (Vigo County)
- Warren Village II is the new construction of 40 affordable housing units by Low Income Housing Development Corporation of Terre Haute. 20 one-bedroom units will be in a single-story multifamily building and 20 three-bedroom single-family units will be on scattered sites. Awarded $702,615 in RHTCs and $310,000 from the Development Fund.