INDIANA – The 2022 Low-Income Housing Tax Credit (LIHTC) program awardees were announced at the November IHCDA Board Meeting.
More than $170 million over ten years in housing tax credits were awarded to 17 developments to create or preserve 895 affordable units that will serve individuals, families, seniors, individuals with disabilities, and individuals experiencing homelessness.
These developments will advance IHCDA’s priority to ensure tenants are engaged with their community by having access to services, retail, healthcare, transit, employment, and post-secondary education opportunities. Highlights from this year’s tax credit awards include:
- Five of the 17 developments will meet IHCDA’s commitment to individuals with intellectual and development disabilities by providing affordable housing in an integrated setting. These developments will create 58 units for this population.
- Developers will create 82 units of supportive housing for persons experiencing homelessness by utilizing the Housing First model. Two of the 17 developments completed training through the Indiana Supportive Housing Institute and will help rapidly house individuals experiencing homelessness and provide intensive but flexible services.
- Three of the developments will preserve 208 units of existing affordable housing, ensuring they remain affordable for at least the next 30 years.
- Constructing affordable housing on vacant or unused parcels of land within existing areas that are otherwise largely developed remains a priority. Developing in these areas serves as a catalyst for future development in the community. Fourteen of the 17 developments meet this priority, creating 719 units.
The full list of LIHTC recipients is below.