The Indiana Housing and Community Development Authority (IHCDA) has awarded just over $17.6 million in 2019 low-income housing tax credit awards as well as its remaining 2018 housing tax credits to 19 developments across the state. In addition, $8.1 million in IHCDA funding—including Development Fund, HOME, and Housing Trust Fund dollars—was awarded to 14 of the developments.

The funding will help to develop or preserve over 1,000 affordable housing units for families, seniors, and households with special needs in 12 counties. The developments were selected out of 43 developments that met the 2018-19 qualified allocation plan criteria.

The developments receiving awards include:

  • 802 Center in Warsaw: The development by Housing Directions will include 72 newly constructed units for seniors. It was awarded $1,155,000 in housing tax credits and $500,000 from the Development Fund.
  • Backstay Lofts in Union City: AP Development will complete an adaptive-reuse of the vacant historic Backstay Welt building to create 50 units of affordable multifamily housing. It was awarded $959,479 in housing tax credits.
  • Colonial Park in Indianapolis: Partners in Housing Development Corp. will rehab and preserve 106 units of affordable multifamily housing. It was awarded $1,198,019 in housing tax credits and $500,000 from the Development Fund.
  • Evansville Townhomes in Evansville: Advantix Development Corp. will rehab and preserve 30 existing affordable units and construct 30 new multifamily units. It was award $1 million in housing tax credits and $500,000 from the Development Fund.
  • Gladstone Apartments in Columbus: Real America will develop 60 units of affordable multifamily housing. It was awarded $1,004,008 in housing tax credits.
  • Historic Walnut Square in Terre Haute: Commonwealth Development Corporation of America will complete an adaptive-reuse of a historic YMCA to create 34 units and construct six townhouse units on an adjacent parcel; 20% of the units will serve individuals with intellectual or developmental disabilities. It was awarded $801,968 in housing tax credits and $500,000 from the Development Fund.
  • Homes of Evansville II in Evansville: HOPE of Evansville will build 30 single-family homes on vacant and abandoned lots as well as a 30-unit multifamily building; 20% of the units will serve individuals with intellectual or developmental disabilities. It was awarded $1.2 million in housing tax credits and $500,000 from the Development Fund.
  • Line Lofts in Indianapolis: TWG Development will develop 63 units for seniors, with 20% of the units being designed to serve those with visual impairments. It was awarded $1,024,031 in housing tax credits and $500,000 from the Development Fund.
  • The Lofts at Ashford in Columbus: Housing and Economic Concepts will create 36 units of affordable multifamily housing. It was awarded $525,000 in housing tax credits.
  • Monon Crossing in Bloomington: Centerstone of Indiana will create 50 new permanent supportive housing units for families and individuals affected by substance abuse disorders. It was awarded $1,100,736 in housing tax credits and $500,000 from the Development Fund.
  • The Paddocks in Culver: Culver Sand Hill Farm will create 48 units of affordable multifamily housing. It was awarded $925,000 in housing tax credits and $500,000 from the Development Fund.
  • Parkside at Tarkington in Indianapolis: Vision Communities, Midtown Indianapolis, and Flaherty & Collins Development will partner on the adaptive-reuse of 60 units for seniors; 20% of the units will serve individuals with intellectual or developmental disabilities. It was awarded $978,000 in housing tax credits and $500,000 from the Development Fund.
  • Posterity Village in Fort Wayne: Joshua’s Hand, BWI, and Housing Opportunities Program will partner on the new construction of 52 multifamily units; 20% of the units will serve individuals with intellectual or developmental disabilities. It was awarded $882,758 in housing tax credits and $500,000 from the Development Fund.
  • ReVere Homes in Logansport: Crestline Development will build 30 scattered-site single-family homes in Logansport’s near-northside. It was awarded $788,738 in housing tax credits.
  • Riverside Tower Lofts in Madison: DF Development will complete an adaptive-reuse of the historic Tower Tack Factory to provide 50 units of affordable housing for seniors. It was awarded $1,021,652 in housing tax credits.
  • Southern Knoll in Bloomington: Milestone Ventures will build 31 new units of affordable housing and complete the adaptive-reuse of the Gospel Tabernacle as community space; 20% of the units will serve individuals with intellectual or developmental disabilities. It was awarded $529,110 in housing tax credits and $410,000 from the Development Fund.
  • St. Mary’s Senior Housing in St. Mary-of-the-Woods: The Sisters of Providence of Saint Mary-of-the-Woods will complete an adaptive-reuse of the historic Owen’s Hall to create 64 affordable housing units for seniors; 20% of the units will serve individuals with intellectual or developmental disabilities. It was awarded $1,024,000 in housing tax credits, $400,000 in HOME funds, and $500,000 from the Development Fund.
  • Trailside Commons in Kokomo: Advantix Development Corp. will create 35 new permanent supportive housing units for families and individuals affected by substance use disorders. It was awarded $720,000 in housing tax credits, $400,000 in HOME funds, $500,000 from the Development Fund, and $400,000 from the Housing Trust Fund.
  • Union at Washington in Kokomo: Union Development Holdings will construct 51 units of multifamily housing. It was awarded $792,540 in housing tax credits and $500,000 from the Development Fund.