Amenities being installed at The Paddocks Apartments

Amenities being installed at The Paddocks Apartments

One of the things we were required to do in our original application to IHCDA for Low Income Housing Tax Credits for The Paddocks was to declare what amenities we would be including. Several of the amenities are site related. We’re having Cardo Nursery install these things as part of the Sustainable Landscape.

LIHTC Housing – How does it Work?

LIHTC Housing – How does it Work?

They (LIHTC) are one of the few tools available to Developers and the States to create affordable rental housing. We’ve referenced LIHTC several times here regarding The Paddocks and Riverside Commons apartments, but how does it work?

Riverside commons in Chamber Chatter March 2021

Riverside Commons award in the Plymouth Pilot 3-4-21

“I’m pleased tht he leadership in Plymouth and LaPaz had the vision to help with this rental project. There is an undeniable need for affordable apartments in these communities. The Riverside Commons development is the first step in addressing these years.”

Riverside commons in Chamber Chatter March 2021

Riverside Commons was awarded tax credits to fund 40 units in Plymouth and 8 units in Lapaz

Last Thursday, February 25th, the Indiana Housing and Community Development Authority (IHCDA) Board of Directors, chaired by Lieutenant Governor Suzanne Crouch, met and approved reservations of credits for 19 rental developments out of 51 applications. Riverside Commons, a scattered site apartment./townhome development, in Plymouth and LaPaz was selected to receive a reservation!