News Release
GOSHEN — Lt. Gov. Suzanne Crouch and the Board of Directors for the Indiana Housing and Community Development Authority announced two Goshen locations among eight projects awarded over $11 million from the HOME Investment Partnerships Program.
This funding is used for the construction and/or rehabilitation of affordable rental housing for low and moderate-income residents.
“IHCDA is committed to creating and preserving affordable housing across the state and this round of HOME funding directly addresses that mission,” said Lt. Gov. Crouch, Indiana’s Secretary of Agriculture and Rural Development. “Affordable housing is vital to Indiana’s infrastructure, and we will continue to work to close the housing gap and ensure housing remains affordable for all Hoosiers.”
The following Goshen projects will receive HOME funding:
- Shoots Apartments, developed by Lacasa of Goshen, Inc., will receive $1.5 million in HOME awards and will rehabilitate 16 affordable rental units in Goshen.
- 107 Lakeview Drive Apartments, developed by Lacasa of Goshen, Inc., will receive $1.45 million in HOME awards and will build eight affordable rental units in Goshen.
“Affordable housing is essential to any community’s growth and vibrancy,” said IHCDA Executive Director Jake Sipe. “The projects funded by these HOME dollars will create and restore dozens of units, greatly benefitting the Hoosiers who live, work and play in those communities.”
HOME funding can also be used for capacity building activities for Community Housing Development Organizations. CHDOs are IHCDA-certified not-for-profit housing organizations that meet certain HOME regulations and are eligible to receive HOME funds to use as an operating supplement when carrying out a HOME-funded development.
For more information on the HOME program, visit IHCDA’s website.
