In an effort to address veteran homelessness and the affordable housing crisis, the City of Indianapolis, the State, the Indianapolis Housing Agency, the nonprofit Helping Veterans and Families of Indiana, or HVAF Indiana, and private developer Woda Cooper have opened a new $12.6 million, 61-unit affordable housing complex called Proctor Place on the West Side.
Located near the Central State campus at 240 N Warman Ave., the complex will also include 15 permanent supportive housing units for homeless veterans who earn less than 30% of the area’s median income, or about $28,000 for a household of four. .
Not only does this type of housing provide a roof over the head, but support services like case management officers and mental health and addictions treatment, which are considered by policy experts in the region. homelessness as the key to reducing chronic homelessness.
The complex is named after Sergeant Joseph Eugene Proctor, a member of the Indiana National Guard who was killed in action in 2006 during combat operations in Iraq. It will be developed, owned and managed by Woda Cooper, an Ohio-based affordable housing developer.
“Today is just the latest step in our city’s efforts to secure more affordable and supportive housing options,” Mayor Joe Hogsett said at the apartment opening ceremony on Wednesday. “However, it also represents 61 new homes here on the Near West Side – homes that affirm the dignity of each resident while honoring the sacrifice made by those who choose to serve our country.”
IndyStar reported in October that the city lags its Midwestern peers in reducing homelessness and suffers from a housing shortage for its homeless population.
Indianapolis is not on track to meet its own goal set out in its 2018 five-year plan to end homelessness by building 1,100 more permanent, supportive housing units for formerly homeless people by 2023 Only 221 units were added in 2022, including Proctor Lieu, according to data provided to IndyStar by the Department of Metropolitan Development. The city has 1,406 permanent supportive housing units available this year.
But the city appears to be making a new investment in permanent supportive housing development, announcing Wednesday that it has committed $7.8 million in funding to support four new such developments totaling 104 units that will open from here 2024.
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The city’s investment represents the largest investment yet in permanent supportive housing, according to Hogsett. This is part of a “housing first” strategy to address homelessness, which is the idea that people need to be housed in a stable way before they can develop financial independence, address mental health issues and drugs and get back on their feet.
“The solution to homelessness is housing, and we continue to invest in this approach even as we address new and unforeseen challenges brought about by the pandemic,” Hogsett said in a press release.
The city has 62 more such units in the pipeline, according to data provided to IndyStar by the Metropolitan Development Department.
There were 167 veterans who were homeless in this year’s point-in-time count, the city’s annual homelessness census. Veteran homelessness has been declining in Indianapolis since 2016, while overall homelessness has increased.
Proctor Place development reserved for low-income households and veterans
A community room with kitchenette, free Wi-Fi throughout the building, a free computer room, outdoor community spaces and a boardroom are part of the facilities at the Proctor Place apartment complex.
All units will be reserved for low-income households and the rents charged will be affordable to them, in accordance with guidelines from the Federal Ministry of Housing. Rents are estimated at between $565 and $1,035 depending on the income of the family living there, according to a press release.
Of the 46 units not reserved for homeless veterans, one will be for a household earning up to 30% of the area’s median income. Another 15 units will be for households earning up to 50% of the region’s median income, or about $46,000 for a four-person household, and 30 units will be for those earning up to 80% of the region’s median income. region, or about $73,000 for a four-person household.
The project is a public-private partnership, supported by Indianapolis through a payment in lieu of taxes agreement, or PILOT, which is a city-run tax incentive program to subsidize the cost of housing development. affordable.
The Indianapolis Housing Agency is providing project-based housing vouchers that would cover the rent for the 15 units set aside for homeless veterans. Meanwhile, the state, through the Indiana Housing & Community Development Authority, provided tax credits for low-income housing.
Senior Vice President of Development at Woda Cooper, Nick Surak, said the PILOT deal helped the project financially by ensuring they could afford a bigger mortgage and had to claim fewer tax credits from the state.
The city is also providing HVAF Indiana with $167,000 to fund support services at Proctor Place.
City commits to funding four permanent supportive housing projects
The city will support four permanent supportive housing developments for formerly homeless people. They are:
- Compass on Washington: 36 one-bedroom units
- Hanna Commons: 50 units
- Providence Place: 8 units of one or two bedrooms
- St. Lucas Lofts: 10 units
Contact IndyStar reporter Ko Lyn Cheang at [email protected] or 317-903-7071. Follow her on Twitter: @kolyn_cheang.