A grant of over $1 million will allow the creation of low-income housing in Seymour.
Thrive Alliance says it has received a $1.2 million allocation of low-income housing tax credits from the Indiana Housing and Community Development Authority. These funds will enable Thrive Alliance and partner Jonesboro Investments to move forward with construction of Crossroads Village, a $12.5 million, 64-unit affordable apartment complex at 500 South Poplar Street in Seymour.
We are extremely pleased to have IHCDA provide funding to make this project a reality, said Mark Lindenlaub, Thrive Alliance Executive Director. Lindenlaub credited local officials in helping bring the project to fruition. The involvement and support of Mayor Luedeman, the city council, and other community leaders has been invaluable in helping move this project forward, he said.
In June, the Seymour City Council voted to provide tax abatement for the project and to invest $51,000 in local funding to install new sidewalks around the property.
Officials say the complex also benefits from a unique relationship with neighboring Schneck Medical Center, which plans to provide on-site access to health screenings, health education and counseling services, nutrition education, dementia care and other services.
We are pleased to partner with Thrive Alliance to help address the growing demand for housing in Seymour and Jackson County, said Jacob Sipe, Executive Director of IHCDA. Crossroads Village will also support the City of Seymours continued revitalization and redevelopment efforts while at the same time providing a new housing option for seniors.
The project is slated for completion in 2022.