The Annex Group, a student and affordable housing developer headquartered in Indianapolis, has announced a multi-family housing development in Kokomo. The $6.5 million project broke ground earlier this month and is slated for completion in the summer of 2020.
The new multi-family housing complex will be called Union at Washington and will bump The Annex Group’s portfolio of holdings in Kokomo to nearly 200 units.
Annex Group collaborated with the Kokomo Community Development Corporation, and Indiana Housing and Community Development Authority to secure the tax credit award and development fund loan, and T&H Investment Properties, LLC which serves as a co-developer and co-owner on the project.
“We are thankful for the opportunity to provide even more affordable housing options to Kokomo residents,” said Kyle Bach, chief executive officer of The Annex Group in a news release. “We continuously strive to deliver transformative experiences through the creation of unique housing opportunities that serve as catalysts for economic development, and we are confident Union at Washington will support our mission and enhance the Kokomo community.”
The development will be located at 918 North Washington St.