The Indiana Housing and Community Development Authority has awarded nearly $14 million in Rental Housing Tax Credits and nearly $6 million in additional funding to support 16 multi-family housing developments throughout the state. The funding will be used for projects including new construction and preservation of historic buildings.
The projects will also include rehabilitation and adaptive reuse, or the conversion of existing buildings in to affordable housing. The IHCDA says the funding, which also comes from the the Development Fund, HOME and Housing Trust Fund, will support more than 700 housing units.
"These awards are an important step in meeting the affordable housing needs in our state," said Lieutenant Governor Suzanne Crouch, who chairs the IHCDA Board of Directors. "I am especially pleased by the geographical diversity and wide range of needs these 16 new projects will address across 12 Indiana counties."
The projects include:
- Aurora View – Valparaiso: Rehabilitation of an existing 15 unit HUD-assisted property and the new construction of 8 Integrated Supportive Housing units. Porter-Starke Services was awarded $497,342 RHTCs and $635,000 in Housing Trust Fund funding.
- Biggs GC – Bloomfield and Linton: Rehabilitation of 24 one bedroom units located in a senior apartment community in Bloomfield and the new construction of 8 new scattered site homes in Linton. Biggs TC Development was awarded $372,938 in RHTCs.
- Biggs Housing Opps – Decatur and Fort Wayne: Consists of the adaptive reuse of the historic Music House in downtown Decatur into 16 affordable artists lofts apartments, the rehabilitation of 48 existing Rural Development units in Decatur and the new construction of 25 single family lease purchase homes in Fort Wayne. Biggs TC Development was awarded $1,180,444 RHTCs.
- Broadway Flats – Greenfield: New construction of two, two-story buildings creating 54 units of affordable housing targeting artists and creative entrepreneurs. Development Services, Inc. was awarded $760,000 RHTCs.
- Campaign Quarters – Rushville: Adaptive reuse of two historic buildings creating 26 units of affordable rental housing. The Southern Indiana Housing and Community Development Corporation was awarded $844,661 RHTCs and $200,000 HOME funding.
- Carpenter Court Apartments – Evansville: Adaptive reuse of the former St. Joseph Catholic School building into a 45-unit apartment complex. Pioneer Development Services was awarded $709,409 RHTCs .
- Corydon School Senior Lofts – Corydon: Adaptive reuse of 25 units of the local historic school and the new construction of 20 units on the same site. Advantix Development Corporation was awarded $810,00 RHTCs, $500,000 Development Fund funding and $400,000 in HOME funding.
- Fourteen91 Lofts – Evansville: This project includes the adaptive reuse of a former school administration building that includes 36 units, new construction on the former GM site that includes 35 lease purchase townhomes and new construction on a vacant Blight Elimination Program (BEP) lot of a lease purchase single-family home. Commonwealth Development Corporation of America was awarded $1,153,356 RTHCs and $500,000 in Development Fund funding.
- Garvin Lofts – Evansville: Adaptive reuse of a vacant warehouse creating 27 units of housing targeting chronically homeless individuals, including 7 units set-aside for FUSE (frequent users system engagement) participants. ECHO Housing Corporation awarded $512,021 RHTCs and $810,000 in Housing Trust Fund funding.
- IndyEast Homes – Indianapolis: Located within the HUD-designated Promise Zone, this project will have 36 units. It will include the preservation/rehabilitation of project-based Section 8 units (32 units), the demolition of blighted homes for the new construction of lease purchase single family homes (2 units) and the adaptive reuse of a blighted non-residential building (2 units). The John H. Boner Community Center was awarded $585,165 RHTCs.
- Kinnley Court – Plainfield: The redevelopment of a greyfield lot and an underused property for the new construction of 64 units. Keller Development was awarded $890,000 RHTCs.
- Kyler Ridge – Churubusco: New construction of a 35-unit multi-family senior housing development. Keller Development was awarded $490,000 RHTCs.
- Minnie Hartmann Center – Indianapolis: Adaptive reuse of the former Minnie Hartmann Elementary school and a new construction addition creating 64 affordable units for seniors. Near East Area Renewal was awarded $1,046,000 RHTCs and $500,000 Development Fund funding.
- Oxford Integrated – Indianapolis: New construction of 39 units of affordable senior housing. 9 units will be designated for integrated supportive housing to seniors experiencing homelessness. Englewood Community Development Corporation was awarded $557,814 RHTCs, $490,000 Housing Trust Fund funding and $500,000 in Development Fund funding.
- The Fieldhouse Apartments – Anderson: New Construction of 44 units of permanent supportive housing. BWI, LLC was warded $1,083,424 RHTCs and $765,000 in Housing Trust Fund funding.
- The Lofts at Leeson’s – Elwood: Mix of 23 units of new construction on BEP lots and 23 units of adaptive reuse located n the Leeson’s building. New Hope Services was awarded $699,200 RHTCs and $500,000 in Development Fund funding.