By Michele Owen—
MUNCIE, IN—The Indiana Housing and Community Development Authority (IHCDA) has announced their 2023 tax credit awardees. Out of 31 applications, only 17 were approved – including a 120 unit apartment complex by TWG in Muncie. This is the 5th project to be approved in Muncie in 4 years.
The complex, called Kilgore Place, will be located next to Silver Birch Apartments on State Road 32. The $27 million project has already been approved by the Metropolitan Plan Commission and the Board of Zoning Appeals. The complex will contain a mix of 1, 2, and 3 bedroom apartments, including ADA accessible units and increased sidewalk access to the MITS bus stops. The apartments will contain a mix of market rate and income-based units.
Other projects that have received IHCDA tax credits include Riverbend Flats, Southern Terrace, City View 1, and City View 2. Muncie has already gained 287 workforce housing units in the last four years. For market rate housing, 34 houses are in development at Storer Estates, and DR Horton has an accepted purchase agreement for 82 acres on the east side of Muncie, which will be developed into a subdivision.
“Housing has been a huge priority for my administration,” commented Mayor Dan Ridenour. “We’ve made tremendous strides, and this will pave the way for different projects to develop in the next four years.” Construction is estimated to begin in the summer of 2024, and is projected to take approximately 18 months.
Michele Owen is Communications Director for the City of Muncie.