Indiana affordable housing projects receive state grants
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The board of directors for the Indiana Housing and Community Development Authority announced Thursday that $11 million in awards from the HOME Investment Partnership Program will be awarded to eight housing projects across the state.
The HOME money will go toward the construction and rehabilitation of affordable rental housing for low- and moderate-income residents.
“Affordable housing is essential to any community’s growth and vibrancy,” IHCDA Executive Director Jake Sipe said in a news release. “The projects funded by these HOME dollars will create and restore dozens of units, greatly benefitting the Hoosiers who live, work, and play in those communities.”
The following projects will receive HOME funding:
- Stony Creek Duets, developed by Hamilton County Area Neighborhood Development Inc., will receive $1.33 million and will build six affordable rental units in Noblesville
- MC Eastside Apartments, developed by Housing Opportunities Inc., will receive $1.5 million and will rehabilitate nine affordable rental units in Michigan City
- Shoots Apartments, developed by Lacasa of Goshen Inc., will receive $1.5 million and will rehabilitate 16 affordable rental units in Goshen
- 107 Lakeview Drive Apartments, developed by Lacasa of Goshen Inc., will receive $1.45 million and will build eight affordable rental units in Goshen
- Oakland Gardens II, developed by New Hope Development Services Inc., will receive $1.5 million and will build eight affordable rental units in Oakland City
- White River Landing III, developed by New Hope Development Services Inc., will receive $1.44 million and will build six affordable rental units in Petersburg
- The Lofts on Avon Avenue, developed by Radiant Communities Development Corp. Inc., will receive $1.5 million and will build seven affordable rental units in Avon
- Bellevue Village Apartments, developed by Rauch Inc., will receive $1.5 million and will build 10 affordable rental units in Scottsburg.
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