Four Fort Wayne housing projects receive state tax credits
The Indiana Housing and Community Development Authority (IHCDA) has awarded $14.4 million in Rental Housing Tax Credits (RHTCs) to 17 applicants statewide, including four in Fort Wayne.
“This announcement will significantly improve the lives of some of our most vulnerable residents, Kelly Lundberg, director of the Office of Housing & Neighborhood Services, said in a statement. “These projects will turn 49 vacant lots into single-family homes and the outdated Frances Slocum School into 43 multi-family apartments, as well as add 56 new apartments for residents who are at risk of homelessness.”
The four local developments are:
Biggs Workforce Housing, a $9.7 million project that includes the construction of 24 single-family homes on Blight Elimination Program lots owned by the City of Fort Wayne throughout Fort Wayne, as well as the new construction of 24 single family homes on a single site in Columbia City by Biggs TC Development, LLC. The IHCDA awarded $921,524 in RHTCs to the project.
Neighborhood Homes & Apartments, an $11.8 million project that includes the construction of 25 single-family homes on Blight Elimination Program lots as well as the new construction of Van Buren Flats, a 25-unit building on a vacant lot in downtown Columbia City. SCAN, Inc. and Biggs TC Development LLC are partners in the development. The IHCDA awarded $1.18 million in RHTCs to the project.
River’s Edge, a $13.9 million project that includes construction of 56 permanent supportive housing units for individuals with disabilities and at risk of homelessness in Fort Wayne by UP Development, LLC. The Fort Wayne Housing Authority and Park Center are co-developers in this project. The IHCDA awarded $1.2 million in RHTCs, $500,000 from the Development Fund and $400,000 from the Housing Trust Fund to the project.
Slocum Pointe, a $7.1 million project that includes the renovation of the former Frances Slocum School and construction of 43 multi-family affordable housing units, some of which are for individuals with developmental disabilities. The project team includes Brightpoint and Keller Development. The project was awarded $650,000 in RHTCs.