Hamilton County Area Neighborhood Development: Ensuring Affordable Housing
Working to maintain livable communities with affordable homes, Hamilton County Area Neighborhood Development (HAND) has made significant investments in housing projects, down-payment assistance, and upcoming initiatives like Home Place Gardens. By leveraging funding mechanisms like low-income housing tax credits, HAND provides quality affordable housing to residents earning up to 60 percent of the area median income, including older adults, entry-level professionals, and service workers. What sets HAND apart is its ownership and operation of affordable communities, reinvesting rent for maintenance, incorporating universal design elements, and using energy-efficient materials and appliances.
- Affordable Housing
- Community Development
- Neighborhood Revitalization
- Livable Communities
- Low-Income Housing
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Hamilton County Area Neighborhood Development Working to ensure our community remains livable, with homes that are affordable for all residents.
HANDs impact Since being established as a 501(c)3 charity in 2003, HAND has invested nearly $17M in Hamilton County: HOUSING INVESTMENT Spicewood Gardens Roper Capstone Single-family homes Roper Lofts Lakeside Gardens Plum Tree Gardens Pebble Brook Gardens Down-payment assistance Built six apartment communities with a total of 96 affordable units Built three single-family homes Provided down-payment assistance to 15 buyers of foreclosed homes $9.1M $2.8M $1.2M $867K $1.1M $500K $400K $780K
Whats next? Home Place Gardens $2.5M investment along 106th Street between College Avenue and the Monon Trail Four one- and two-bedroom duplexes for seniors Two single-family homes for survivors of violence referred by Prevail Inc. of Hamilton County. Construction expected to begin this summer
Funding Mechanisms Under the federal tax code, low- income housing tax credits are awarded to developers as a way to incentivize private investment in affordable housing. Investors buy the tax credits, generating revenue to fund construction while reducing their federal tax liability. As the owner/developer of the project, HAND pledges to provide quality affordable housing in the development for at least 15 years. Blackhawk Commons is No. 3 on the 2016-2017 wait list for tax-credit developments in Indiana. HAND expects a final decision in October 2017.
Who lives in affordable housing? Residents earning up to 60 percent of Hamilton County s Area Median Income: $29,400 for a single person or $33,600 for a two-person household (A city of Westfield building inspector at the bottom end of the pay scale earns about $27,500 per year.) Older adults living on a fixed income Entry-level professionals with limited earning power Service workers
What sets HAND apart We own and operate all of our affordable apartment communities. All rent collected from a particular community is reinvested in maintenance and property improvements. We use universal design elements to make our units accessible to residents regardless of their age, size or abilities. Our building materials are energy-efficient, and all appliances, lightbulbs, roofing and HVAC systems are Energy Star rated.
How we help Building Community HAND also applies for grants to help low-income homeowners make critical repairs to their properties, preserving the existing supply of affordable homes. Our corporate and individual contributions also support neighborhood-improvement and capacity-building projects throughout the county.
More Information: For more information, to make a donation, or to sign up for HAND s newsletter, visit us online at www.handincorporated.org. Jennifer Miller, Executive Director Jennifer@handincorporated.org (317) 674-8108
