Kokomo Developments Receive Funding

Posted: Updated:
Rendering of Union at Washington. (rendering courtesy of City of Kokomo) Rendering of Union at Washington. (rendering courtesy of City of Kokomo)
KOKOMO -

State tax credits and federal funding have been secured for two Kokomo housing developments. Sargent Place and the Union at Washington will receive over $3 million.

Advantix Development Corporation has been approved for over $2 million from four different funds to help build Sargent Place, which will provide housing to homeless families whose head-of-household suffers from drug addiction and/or mental illness. The project also offers comprehensive drug treatment and mental health service to tenants. Construction on the 35 units will begin in Spring 2019.

Tax credits have also been secured for a 51-unit affordable housing complex north of downtown Kokomo. Union at Washington will use over $1.2 million made available through two funds. The Annex Group development will be built along the Industrial Heritage Trail. Mayor Greg Goodnight says the projects are welcome additions. 

“Both of these projects fill a need in Kokomo,” said Goodnight. “Sargent Place will provide supportive housing while Union at Washington will create quality housing near downtown. I appreciate that the IHCDA saw the value in these developments.”

The Indiana Housing & Community Development Authority worked with developers on both projects to help secure funding. 

  • Perspectives

    • What Do Customers Really Think of You?

      Ask a business owner how her customers think about the services they receive or the products they use, and you’ll hear comments like "they love us." But when a third party asks those customers the same question, the results can be eye-opening. I recently shared the story about developing a customer profile for a professional services firm that was eager to grow but lacked useful marketing intelligence about the business it was already handling. We helped them...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Scotty's Brewhouse Files For Bankruptcy

      Indianapolis-based Scotty's Brewhouse has filed for Chapter 11 bankruptcy protection. The company says the decision was "driven largely by the challenges of some specific locations and was necessary because of the way the company was structured corporately." As a result of the deal, Scotty's will close four of its restaurants by the end of the year. In a news release provided to Inside INdiana Business...

    • Indy Chamber Unveils Legislative Priorities

      The Indy Chamber has released its legislative agenda ahead of the 2019 Indiana General Assembly. Priorities include early childhood education, hate crimes legislation and an increase to the state's cigarette tax.

    • Shelbyville to Debut Giant Sculpture

      Officials in Shelbyville will this evening unveil a new art installation in the city's downtown. The city says the four-story, $150,000 sculpture known as Blue River - Wind, Rain and Water anchors its ongoing commitment to public art.

    • Dept. of Labor Honors Eleven Fifty

      Fishers-based Eleven Fifty Academy says it is the first in Indiana and one of just a few in the nation to be recognized by the U.S. Department of labor as a registered software development apprenticeship program. The department is taking part in a ceremonial signing with the academy this morning at Eleven Fifty's headquarters in Launch Fishers. Founder Scott Jones says, with tens of thousands of tech jobs available in Indiana, the designation shows Eleven Fifty is...

    • Indy Airport to Introduce New Airline

      Indianapolis International Airport will today host an event to welcome a new airline. Airport officials say the provider will add more routes to IND's growing roster of options. Earlier this month, the airport reported record-breaking traffic in the third quarter. IND said the more than 2.4 million passengers that passed through the airport in the third quarter of 2018 marked an 8 percent year-to-date increase over last year and the best third quarter in the facility's history.