From The Republic, November 21, 2024 (Brad Davis)
Columbus City officials said 174 new units of affordable housing are likely to be available for lease in Columbus by the end of 2026 after two projects were awarded federal low-income housing tax credits (LIHTC) Thursday.
This calendar year, two proposed affordable housing projects— Thrive Alliance’s Haw Creek Meadows and TWG Development’s Flats on 14th— have made their way through the city government process but were contingent on being awarded 9 and 4 percent federal LIHTC from the Indiana Housing & Community Development Authority (IHCDA).
Director of Community Development Robin Hilber on Thursday confirmed both received the funding in a competitive process where different projects from around the state are evaluated based on a scoring system.
The chances of both projects being awarded were bolstered in part by funds contributed to Haw Creek Meadows by redevelopment and a payment in lieu of taxes (PILOT) agreement between TWG and the city that helped scoring on the Flats on 14th project.
The 9% award will help finance phase one of Haw Creek Meadows, expected to cost around $20.6 million.
Haw Creek Meadows is a planned as a two-phased development to be a combination of workforce family housing and housing for seniors, located at the site of the former Columbus Health and Rehabilitation Center at 2100 Midway St.
Haw Creek Meadows will be reserved for those making 30%, 50% and 60% of area median income (AMI), Thrive Alliance officials said.
Phase one will see 64 workforce family housing units with a child care component. Phase two, plans and financing for which will come later, would encompass 64 units for seniors.
