DECATUR, IN—WNC, a national investor in community development projects, has just helped complete the redevelopment of Village Green Senior Apartments, a 112-unit affordable senior housing community in Decatur, IN. The Irvine, CA-based WNC provided $6.06 million in low-income housing tax credit 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,” says WNC executive vice president and chief operating officer 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. Seniors ages 62 and older, and earning between 30 and 60% of the area's median income, are eligible to live at the property. 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.
WNC was founded in 1971 and has acquired more than $6.3 billion of assets totaling more than 1,200 properties in 45 states.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
