At the annual Indiana Housing Conference this fall, IHCDA and Lt. Gov. Suzanne Crouch presented the Excellence in Affordable Housing Awards recognizing four outstanding affordable housing developments which were funded in part with Low-Income Housing Tax Credit Awards and placed in service between July 1, 2023 and July 1, 2024.
Congratulations to Hoosier Woods, winning the award in the Urban/Large City Category! The Urban Housing Category recognizes a property located within a metropolitan area with a population greater than 15,000.
Hoosier Woods Apartments was originally a two-phase partially affordable apartment complex developed in 2003 and 2005. Coming to market in 2021, the development was on the verge of increased rents and the loss of vital affordable housing in the Anderson area. TWG Development, LLCapplied for an allocation for 4% tax credits, combining both phases into one. A full rehab of 214 units was completed, offering an immediate opportunity to improve affordable housing for local families.
Hoosier Woods is located next to the Indiana State Road 9 Corridor, which offers a variety of amenities including retail shopping, restaurants and a grocery store.
