Projects

Projects

North Vernon Senior Housing Phase IV
North Vernon Senior Housing, a non-profit organization, centrally located in the City of North Vernon, currently consists of 68 one-bedroom apartments. They currently own and manage all units on the property.  The Phase IV project, consisting of 16 new senior housing units was completed and all units were occupied as of June 2007. SIHCDC was the developer and retains administrative responsibility for the property.  ARa/SIHCDC developed and constructed a fourth phase consisting of 16 housing units on the adjacent property to the existing facility. The new units are an expansion of the facilities.  Four one-story buildings were constructed, each consisting of four, one-bedroom apartments.  One unit in each of the four buildings is fully handicapped accessible.

The Edenburg ApartmentsThe Edenburg is an income-based 20-unit senior apartment facility in downtown Lawrenceburg that was built in 2009.  The city-funded the project 100% with municipal development funds.  While there are no federal income/rent levels required at this complex.  However, the city, with SIHCDC’s assistance, set income and rent levels loosely based on Section 8 Income Limits.  Because affordable housing for seniors is so limited in the community, the city wanted to create affordable housing for the long list of those in need.  SIHCDC has written the policies and procedures for the facility assuring safe, affordable housing for its residents. SIHCDC contracted with the City of Lawrenceburg to manage The Edenburg through September 19, 2016.  SIHCDC helped, monitor ongoing maintenance and schedule regular tenant meetings.  SIHCDC also assisted to renewed leases annually at which time incomes are re-verified, using the Section 8 income verification guidelines.

Town and Garden, Columbus
Town and Garden is a housing complex for seniors 62 and older.  It is located at 428 Pearl Street, Columbus Indiana.  The property was recently purchased by SIHCDC from Columbus Senior Center (Mill Race Center). This was one of the first affordable senior housing facilities in Columbus consisting of 10 units/apartments of which there are six 1-bedroom and four efficiencies.  SIHCDC purchased the property with the assistance of the City of Columbus, Heritage Fund Foundation, and Main Source Bank in an effort to save the units from being turned over to market-rate housing and potentially dislocating some of the tenants.  SIHCDC was awarded a $351,600 HOME Investment Partnership Program (HOME) from the Indiana Housing and Community Development Authority (IHCDA) for the renovation of Town and Garden Apartments. The HOME grant funds will be used to make accessibility improvements, aging-in-place upgrades, energy efficiency upgrades, new roof, heating and cooling systems, windows, and other improvements.

Campaign Flats Apartments, Rushville
SIHCDC rehabilitated an old Salvation Army Building into seven senior housing units and a non-profit book store.  SIHCDC was awarded a $500,000 HOME Investment Partnership Program (HOME) from the Indiana Housing & Community Development Authority (IHCDA) and a $500,000 grant from the Federal Home Loan Bank of Indianapolis (sponsored by Old National Bank), a $65,000 grant from Milestone Ventures and a loan from Old National Bank.

Campaign Quarters and The Winsor Apartments, Rushville
Redevelopment of Durbin Hotel (Campaign Quarters) and Knights of Pythias (The Windsor) into 19 units of senior apartments and 7 units of multifamily apartments respectively.  The project includes the conversion of the current city hall into a parking lot for all three properties (Campaign Flats) owned by SIHCDC.   It is now 100% occupied and won the 2020 Lt. Governor’s Housing Award for Rural Communities!