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10/23/2018 11:36:00 AM
One affordable housing development finished, another one forthcoming in Evansville

John Martin, Evansville Courier & Press

EVANSVILLE — City officials Monday dedicated one new affordable housing development and heard details about another.

The two projects will take a small bite out of a big local problem. By one estimate, Evansville's need for affordable housing is about 5,000 units short of what is currently available.

City officials say Evansville's Promise Zone designation by the federal government helped developers obtain tax credits for both of the projects.

The new Carpenter Court Apartment building, 607 E. Iowa St., has 45 units. They are restricted to tenants earning 30 to 60 percent of area median income, with rents ranging from $298 to $720 per month.

A Head Start facility, which will be offered by the Community Action Program of Evansville (CAPE) will be on the first floor. WorkOne, Carver Community Organization, Meals on Wheels, SWIRCA, Hope of Evansville, Visiting Nurse Plus, ECHO, Memorial CDC and the Dream Center are other organizations that will serve tenants living in the facility.

The building used to be St. Joseph Catholic School, owned by the Catholic Diocese of Evansville. 

The project received an allocation of Low Income Housing Tax Credits in 2017 from Indiana Housing and Community Development Authority

Mayor Lloyd Winnecke and other officials held a formal dedication ceremony Monday for the new apartments.

Meanwhile, the City-County Site Review Committee has presented plans Monday for Central Lofts, another affordable housing development aided by Low Income Housing Tax Credits.

The $13 million project at the Shopbell YMCA building on Fifth Street includes 62 income-based units. Noah Donica, Martin Riley Architects and Engineers of Fort Wayne, Indiana, said the goal is to begin the work within two months.

First occupancy is expected in early 2020.

The building dates to 1913, and Donica said designing its renovation has been a "fantastic challenge." He said the building has fireplaces and a stage inside, and those will be incorporated into the new design.

Donica will speak Tuesday morning with the Evansville Redevelopment Commission about changes to the building's exterior.

The 2019 Evansville city budget, as approved by City Council, included $500,000 for the Affordable Housing Trust Fund.

According to city officials, the trust fund is available for income-qualified residents seeking a necessary repair or upgrade to their home such as roof work or ramp construction, allowing them to continue living in the home.

The trust fund may also be used for developers of low-income housing properties who need help qualifying for a state funding source or tax credit.

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


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