Posterity Heights gets state funds
Posterity Heights, a high-concept development for certain low-income residents, has been granted more than $1.38 million in assistance from the Indiana Housing and Community Development Authority.
The money will come to the Fort Wayne Housing Authority in the form of 500,000 from the state agency’s Development Fund. The money will support construction of Posterity Village, phase 3 of the Posterity Heights project.
Tax credits help developers attract private investors to projects.
Posterity Village will provide rent-to-own homes as well as supportive housing to families dealing with intellectual and/or developmental disabilities, according to George Guy, housing authority executive director.
The development will consist of 58 units in a mixture that will include duplexes, brownstones and cottage-style one- and two-story single-family homes.
“The development will feature a sustainable design concept” and supportive services for residents, according to a release issued Monday.
Posterity Heights is being developed on the former site of McMillen Park Apartments in the 4200 block of Plaza Drive. Already nearing completion is Scholar House, two apartment buildings with 44 units designed for students pursuing higher education.
The city housing authority is in partnership with BWI LLC, also known as Black and White Investments, a minority-owned real estate and construction services company based in Indianapolis.
Guy said the waiting list is being developed and may include new applicants and people already on the housing authority’s list for places in existing affordable housing. The community group Joshua’s Hand is helping find appropriate tenants, he said.
The project will contain one-, two- and three-bedroom units, Guy said. The housing authority is not involved in phase 2 or 4, which will consist of commercial ventures or support services, he said.
Residents are promised services geared toward their continued education, health and wellness, and job training. Eventually, residents will have access to an on-site primary health clinic, a cash-less grocery store, restaurants and a university life development center, the release said.
Construction is to begin in the spring, with residents leasing homes by the end of 2020. Scholar House will begin leasing in December or January, Guy said.