The Indiana Housing and Community Development Authority announced the award of Low Income Housing Tax Credits for 20 developments at their board meeting this morning. Walnut Commons, a 44 unit supportive housing development in Muncie for those experiencing chronic homelessness, including Veterans, was on of the stellar projects funded.
Meridian Health Services partnered with Daveri Development on Walnut Commons and attended the Indiana Permanent Supportive Housing Institute in 2012. CSH issued a predevelopment initiation loan for this effort. Construction will begin during the fall of 2013.
Lt. Governor Sue Elspermann acknowledged the commitment of the two housing first teams who were awarded credits to house the most vulnerable among us.