Thrive Alliance will move forward with construction of Crossroads Village, a 64-unit affordable apartment complex for residents 55 and older in Seymour.
Today, the Indiana Housing and Community Development Authority awarded the agency, which serves the aging population, $1.2 million in low-income housing tax credits for the $12.5 million project.
The tax credits enable Thrive Alliance and partner Jonesboro Investments to build the apartments on property once deemed contaminated at 500 S. Poplar St. just south of Schneck Medical Center.
The project is slated to begin in the spring of 2020 and be completed in early summer of 2022.
Another project to build affordable apartments near Margaret R. Brown Elementary School to meet the need for local workforce housing did not receive tax credits in this round of state funding. Seymour Mayor Craig Luedeman said officials with that project plan to reapply next year.
Find the full story in Monday’s Tribune and online at tribtown.com.