City will help fund townhomes if state doesJuly 25, 2018
By CANDY NEAL
HUNTINGBURG — The city is willing to give some financial incentives for a proposed housing complex, so long as the project receives financial support from the state.
The Huntingburg Common Council approved a letter Tuesday pledging financial support for the St. Joseph’s Townhomes, a 56-unit complex that would be constructed near 20 Street and Leland Drive. Ohio-based Miller-Valentine Group would be the developer.
The letter states that if the project is approved by the state for tax credits, the city would be willing to give economic incentives to assist the project, which would include $550,000 for on-site improvements and $25,000 for off-site improvements, all of which must be related to the development, Spinner told the council.
The $550,000 would come in the form of a tax abatement and would go through the normal abatement process, Spinner explained. The developer would have to apply for the abatement, and the application would be reviewed by the city’s economic development commission and the common council. The abatement would last no more than 10 years, Spinner said.
The $25,000 in off-site improvements would be for infrastructure, such as utility work, landscaping and street work, Spinner said.
Pete Schwiegeraht of Miller-Valentine told the council about the $11 million project last month. One building on the site would be three stories tall and have mostly two-bedroom apartments. The rest of the site would include three- or four-bedroom townhomes. Those living in the homes would have a lease-purchase option, Schwiegeraht said.
Miller-Valentine developed the senior housing — The Lofts at St. Joseph’s — on the former St. Joseph’s Hospital site.
This St. Joseph’s Townhomes would be just northwest of the The Lofts.
Miller-Valentine plans to partner with Tri-Cap on the $11 million project, just as it did with The Lofts and with the housing projects the company constructed in Jasper.
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