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Drawing of Alder Place in East Chicago

Downtown Gary, East Chicago's Harbor section set for new housing

Contributed By:The 411 News

Multi-family rental units will help cities revitalize their oldest neighborhoods

Construction of two affordable housing developments, in Gary and East Chicago, slated to break ground in 2019, have received funding from the Indiana Housing and Community Development Authority.

At its December 20 board meeting, IHCDA announced rental housing tax credits and development loans have been approved for Broadway Lofts in downtown Gary and Alder Place in the Harbor section of East Chicago.

In February 2017, Indiana Governor Eric Holcomb issued an Executive Order for Declaration of Disaster Emergency in East Chicago. One of his requests in the order was for IHCDA to find ways to encourage the new development of affordable rental housing in the East Chicago area. To do so, IHCDA elected to use the state’s Moving Forward program.

In both cities, the new housing will be built in their oldest neighborhoods along corridors with names they both share. In Gary, Broadway Lofts will rise at the corner of Broadway and 7th Avenue. East Chicago’s Alder Place will rise at Broadway and Alder Street.

Alder Place fits into East Chicago’s strategy to redevelop the city’s entire North Harbor. And its site is in the focal point of North Harbor redevelopment at Broadway and Main Street. Already that area has seen new town homes, retail spaces, rehabbed storefronts, new parks, and new playgrounds.

The scope for both projects has changed since they were announced last year. For Alder Place, Chicago’s UP Development had proposed eighteen single family lots of 4-bedroom homes and a multi-family complex of twenty-two 1- and 2-bedroom apartment units with 12,000 square feet of commercial space on the ground floor.

Current architectural drawing for Alder Place shows a multi-unit apartment building of 3 floors. IHCDA said HealthLinc, Inc. will lease part of the 1st floor to provide a Federally Qualified Health Center.

UP Development built South Shore Commons, Edgewater Behavioral Health Systems 60-unit supportive housing complex in Gary.

Miller Valentine Group, from Cincinnati, OH, developer of Gary’s Broadway Lofts, had proposed 42 units with 1-, 2- and 3-bedrooms, including apartments and townhomes. The current design is for 38 units of 1- and 2-bedrooms.

Broadway Lofts will be built on land that has long been vacant, straddling the corner at 7th Avenue & Broadway. Along 7th Avenue, its footprint will extend to the remains of the old Memorial Auditorium. Broadway Lofts units are specified as middle-income and senior housing.

Drawing of Broadway Lofts in Gary

Story Posted:12/30/2018

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