Affordable Senior Housing Community Reopens in Decatur, IN

  

Village Green Senior Apartments, 1109 Bollman Street
Decatur, IN

DECATUR, IN, Oct. 13, 2014 – WNC, a national investor in real estate and community development initiatives, announced today the redevelopment of Village Green Senior Apartments, a 112-unit affordable senior housing community in Decatur, Ind., is complete. 

WNC provided $6.06 million in low-income housing tax credit (LIHTC) equity to fund the project.

Village Green Senior Apartments was redeveloped by Biggs TC Development LLC. The general partner of the project, Adams County III, L.P., received the LIHTC equity for the redevelopment.

“WNC is pleased to have helped preserve Village Green Senior Apartments and to upgrade the units within to provide residents with high quality amenities,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

Michael Gaber

“Throughout the nation, the stock of affordable housing is falling far short of demand, and WNC is committed to doing all that we can to preserve and expand quality affordable housing for all Americans.”

Located at 1109 Bollman St., Village Green Senior Apartments consists of one- and two-bedroom single-story, garden-style units. The property is available to seniors ages 62 and older, earning between 30 and 60 percent of the area’s median income.

 Community amenities include a computer center, laundry facility, gazebos, community room, picnic area, gardening area and on-site management.

Each unit is equipped with an electric range, refrigerator, garbage disposal, ceiling fans, patio, carpet, central air conditioning and washer/dryer.

For a complete copy of the company’s news release, please contact:

Julie Leber

Account Manager

Spotlight Marketing Communications

18101 Von Karman Avenue, Suite 300

Irvine CA 92612

949-427-5172, ext. 703

julie@spotlightmarcom.com