Indiana awards $14.3 million in rental housing tax credits

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

File image

INDIANAPOLIS (February 26, 2016) – Indiana is awarding $14.3 million in rental housing tax credits to 18 multi-family housing developments throughout the state.

Lt. Governor Sue Ellspermann says the funding encourages the creation of affordable housing. She says the money will be used for new construction, rehabilitation, conversion of existing structures and the preservation of historic buildings funded through an Internal Revenue Service rental housing tax credit program.

The state received 50 applications for funding, with requests totaling just under $42.4 million in federal rental housing tax credits and $16.1 million in supplemental funding.

Among those receiving funding is the Coca-Cola Building project in Renaissance Pointe in Fort Wayne. It will receive a $1.2 million credit.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.