INDIANAPOLIS - The Indiana Housing and Community Development Authority has awarded nearly $14 million in Rental Housing Tax Credits and nearly $6 million in additional funding to support 16 multi-family housing developments throughout the state. The funding will be used for projects including new construction and preservation of historic buildings.
The projects will also include rehabilitation and adaptive reuse, or the conversion of existing buildings in to affordable housing. The IHCDA says the funding, which also comes from the the Development Fund, HOME and Housing Trust Fund, will support more than 700 housing units."These awards are an important step in meeting the affordable housing needs in our state," said Lieutenant Governor Suzanne Crouch, who chairs the IHCDA Board of Directors. "I am especially pleased by the geographical diversity and wide range of needs these 16 new projects will address across 12 Indiana counties."
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