INDIANAPOLIS — Four developments have received awards from the Low-Income Housing Tax Credit (LIHTC) program, in conjunction with the Multifamily Tax Exempt Bonds. This funding is used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.
More than $72 million in Housing Tax Credits and $110 million in Multifamily Bonds were awarded to four developments to create and preserve 969 affordable units that will serve individuals and families across Indiana in Clarksville, Fort Wayne and Indianapolis.
In Indianapolis, Forty Six Flats (46th and Allisonville Rd.) was awarded funding for new construction of 173 units. Also, Bradford Lake (E. Stop 10 and Madison Ave.) received funding for rehabilitation of 357 units.
-
Other News This Week
- Franciscan Health Hosts ASIST Suicide Intervention Course May 10-11
- State of Indiana Launches SUN Bucks
- Just a Little Motion Can Dramatically Improve Your Health
- Applause!: May 3-9
- Education Guide: May 2024
- Glasses On, Glasses Off
- 100 Years Ago: May 3-9
- This Week’s Issue: May 3-9
- 2024 Summer Reading Registration Begins May 1
- Damenchor Maifest at Indianapolis Leiderkranz May 4
Search Site for Articles