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.
RIverside Commons LIHTC Apartment Complex as part of Marshall County Stellar.
Culver Sand Hill Farm LLC was awarded tax credits by IHCDA for construction of a scattered site LIHTC apartment project comprising sites in Plymouth and LaPaz.
Last Friday we met with Chris Kline and Christine Dittmar of Cardno Nursery to discuss the completion of the sustainable landscape at The Paddocks apartments in Culver.
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?
“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.”
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!