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Palmyra eyes ‘affordable’ housing for seniors

Construction is slated to begin in March on a senior citizens affordable rental complex in Palmyra.
According to a news release from the Indiana Housing and Community Development Authority, Palmyra’s Country Trace Apartments was awarded $238,229 in tax credits and $200,000 in HOME funds for the construction of low-income senior housing. Blue River Services Inc. is developing the property.
‘In local communities across Indiana, we’re creating affordable housing opportunities that will help seniors, families and individuals,’ Lt. Gov. Becky Skillman said in the release. ‘Those tax credits will help us renew and revitalize neighborhoods by expanding affordable housing options.’
The lieutenant governor announced more than $15 million in tax credits and home funds for use in Rental Housing Community Development projects across the state.
According to Paula Craig, housing director for Blue River Services, the application process for grants and monies for Country Trace has been going on for two years. Besides grants and tax credits from the IHCDA, there has been money awarded or loaned from the Federal Home Loan Bank in Indianapolis and from the Harrison County Community Foundation.
Craig said the 28-unit development will be for citizens 55 years old and older, and eligibility will be based on family income and the number of people in the family. There will be six one-bedroom units and 22 two-bedroom units, with three units completely accessible to disabled persons.
The Town of Palmyra is also applying for a Community Focus Fund grant through the Indiana Office of Community and Rural Development for a senior citizens center that will act as a place for games and activities for community seniors and serve as an outlet for youth to volunteer.
‘The big thing is,’ said Palmyra councilman George Morgan, ‘it’ll give us recreation and preliminary health services.’
For Morgan, the concern is for seniors who have limited availability of travel and can’t always go to places like Corydon or Salem for specialized services.
‘This’ll make them available right here at home,’ he said.
The grant is being applied for and administered by the River Hills Economic Development District and Regional Planning Commission. The announcement of grants awarded will be made in November.