This monthly newsletter provides information and updates from the Real Estate Department (RED) at the Indiana Housing and Community Development Authority (IHCDA). If you have a specific interest or subject area that you would like to read more about please contact us.
Moving Forward 3.0
Plans for Moving
Forward 3.0 was announced recently. Once complete, this
innovative program will help to create two energy efficient affordable housing
developments with transportation solutions in Lake County. The goal is that at
least one of these developments will be located in East Chicago.
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Stellar Finalists Announced
Lt. Governor
Suzanne Crouch announced last week the six communities who are the
Division 1 and Division 2 finalists for the 2017 Stellar Communities Designation Program (SCDP):
Division 1 (population 6,000 - 50,000)
City of Greensburg (Decatur)
City of Madison (Jefferson)
City of Vincennes (Knox)
Division
2 (population 5,999 and below)
Town of Churubusco (Whitley)
Town of Culver (Marshall)
City of Union City (Randolph)
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GRAND OPENING EVENTS
Historic Blue Bell Lofts Grand Opening (Columbia City) May 9, 2017
Commonwealth Companies held a grand opening for Historic Blue Bell Lofts in Columbia City. The project received Rental Housing Tax Credits from IHCDA to adaptively reuse the former Blue Bell factory into 52 one and two bedroom apartments for seniors.
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Grand Opening for Eagledale Senior Apartments (Indianapolis) May 17, 2017
TWG Development held a grand opening for Eagledale Senior Apartments in Indianapolis. The project received Rental Housing Tax Credits and a Development Fund loan from IHCDA to adaptively reuse Flackville School 100 into 65 units of senior housing.
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The Silver Birch of Hammond Grand Opening (Hammond) May 18, 2017
Gardant Management Solutions held a grand opening for Silver Birch of Hammond. The project received Rental Housing Tax Credits and Bond volume from IHCDA. The development is 125 units of new construction.
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Grand Opening: Overlook at the Fairgrounds (Indianapolis) May 19, 2017
BWI, LLC held a grand opening for Overlook at the Fairgrounds. The project received Rental Housing Tax Credits to repurpose a vacant, industrial building in Indianapolis. This mixed use development offers 49 one and two bedroom units.
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