(BLOOMINGTON) – A presentation on the Housing Development Fund (HDF) will be presented to the City Council tonight. The HDF is a revenue source that was established in 2016 to ensure the feasibility of affordable housing projects in Bloomington
The presentation will include information about contributions to the fund from developers and community foundations since its inception, as well as the affordable housing developments it has supported.
Doris Sims, Director of the City’s Housing and Neighborhood Development Department, will make the presentation during the regular meeting of the Bloomington Common Council. The meeting is open to the public and will begin tonight at 6:30 p.m.
During the public health emergency, the Bloomington Common Council meets over Zoom video conference. The public may attend the meeting here
Meeting ID: 951 5942 7836
Passcode: 005295
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The HDF was established in 2016 at the direction of Mayor John Hamilton and codified by City Ordinance 16-14. Originally capitalized through the Bloomington/Monroe County Foundation Housing Trust Fund, the HDF receives contributions from housing developers who make voluntary payments in lieu of developing on-site affordable housing units, as described by the City’s Unified Development Ordinance.
The HDF has made over $1 million available over the last three years through grants and loans to help develop affordable housing at the Union at Crescent, Switchyard Apartments, Reverend Butler, and Walnut Woods Apartments (through the Bloomington Housing Authority) and through Bloomington Cooperative Living.
