Indiana Housing Agency Announces Two New Affordable Housing Projects in Lake County

Source: Indiana Department of Housing and Community Development
The projects are expected to provide affordable housing for 80 families. One of the developments will be located in East Chicago

May 11, 2017-The Indiana Housing and Community Development Authority [ ] (IHCDA) announced today plans to bring their Moving Forward 3.0 Program [ ] to Lake County. Once complete, this innovative program will help to create two energy efficient affordable housing developments with transportation solutions in Lake County. The goal is that at least one of these developments, which will likely break ground next year, will be located in East Chicago.

We are pleased to continue efforts to identify and encourage the financing of new development for affordable rental housing in and around East Chicago, said Governor Eric Holcomb [ ]. The Moving Forward program affords us the unique opportunity to bring two energy efficient affordable housing developments to Lake County.

In February, Indiana Governor Eric Holcomb issued an Executive Order [ ] for Declaration of Disaster Emergency in East Chicago. One of his requests in this order was for IHCDA to find ways to encourage the new development of rental housing in the East Chicago area.

Our primary focus throughout this journey has been the safety and well-being of the families living within the affected area, said Lt. Governor Suzanne Crouch [ ], who serves as board chair of IHCDA. In addition to those efforts, the Moving Forward program will help to provide a long-term solution for meeting the affordable housing needs in East Chicago and Lake County.

The Moving Forward Program, launched in 2015 by IHCDA and Energy Systems Network [ ] (ESN),is designed to create affordable housing that increases quality of life while decreasing the cost of living for low to moderate income individuals and families. To date, four teams have participated in the program with housing developments planned or currently underway in Bloomington, Fort Wayne, Lafayette and Indianapolis.

We are excited to begin the third iteration of Moving Forward, said Jacob Sipe, Executive Director of IHCDA. These two new housing developments will provide safe, energy efficient affordable housing and transportation options for approximately 80 Lake County families.

Along with this announcement, a Request for Qualifications (RFQ) for the Moving Forward 3.0 Program has been released. It can be accessedon the Moving Forward webpage here [ ]. Requests to this RFQ are
due byJune 12, 2017.

Once the two development teams are selected, they will participate in a series of workshops and meetings in which IHCDA, ESN and other assembled subject matter experts create their design concepts, identify the locations and prepare strategies for ending the cycle of generational poverty. Upon completion of the development concepts, the two development teams are able to submit RHTC applications of up to $750,000 each under the 2018 RHTC General Set-Aside*.

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