An affordable seniors housing development in Decatur, Ind., has been redeveloped with the help of low-income housing tax credits (LIHTCs).

WNC, a LIHTC syndicator and national investor in real estate and community development initiatives, provided $6.06 million in LIHTC equity to help preserve the Village Green Senior Apartments.

The 112-unit property was redeveloped by Biggs TC Development. The general partner, Adams County III, L.P., received the LIHTC equity for the redevelopment.

“WNC is pleased to have helped preserve Village Green Senior Apartments and to upgrade the units within to provide residents with high-quality amenities,” said Michael Gaber, WNC executive vice president and COO, said in a statement.  “Throughout the nation, the stock of affordable housing is falling far short of demand, and WNC is committed to doing all that we can to preserve and expand quality affordable housing for all Americans.”

The property, which consists of one- and two-bedroom units, is available to seniors 62 and older, earning between 30 percent and 60 percent of the area median income. Community amenities include a computer center, laundry facility, gazebos, community room, picnic area, gardening area and on-site management. Each unit is equipped with an electric range, refrigerator, garbage disposal, ceiling fans, patio, carpet, central air conditioning.