New Housing Coming to East Chicago
EAST CHICAGO - The Indiana Housing & Community Development Authority has selected a Chicago nonprofit to participate in a new workforce housing program in East Chicago, according to our partners at The Times of Northwest Indiana.
A Safe Haven Foundation was awarded a $700,000 grant from the IHCDA that will support the construction of single-family homes in the West Calumet neighborhood.
“We are pleased to work with A Safe Haven Foundation to identify eligible home buyers and encourage the development of workforce housing in East Chicago,” Jacob Sipe, executive director for IHCDA, said in a news release. “They have a great track record of developing high-quality housing and providing housing counseling services. Both will help as we look to build self-sufficiency and encourage additional investment in the West Calumet neighborhood.”
The city of East Chicago will also provide an additional $350,000 to the foundation, according to the report.
The newspaper reports the foundation will work with IHCDA to design a program to best assist eligible homebuyers for either direct purchase or to enter a lease-purchase program. Each homebuyer will be provided with homebuyer education and housing counseling.
This funding will also establish a revolving loan fund to create additional workforce housing development in East Chicago.