Wagon Works application may be available next month

Photo provided

By CANDY NEAL
cneal@dcherald.com

HUNTINGBURG — Applications for Wagon Works workforce apartments may be available as early as February, the project developer told the Huntingburg Common Council Tuesday.

Gary Ritz of Indianapolis developer Paragus gave the council an update on the construction’s progress.

The first buildings will be completed in May. “We hope to have our first residents in late May,” he said, “and we are still on target to complete the development in October of this year.”

The $7.8 million, 56-unit project is being developed through a partnership between Tri-Cap and Paragus on the former Wagon Works site at Fifth and Washington streets. Plans call for 28 studio, 24 one-bedroom and four two-bedroom apartments in three housing units.

So far, about $2.7 million has been spent on work. Building frames are going up on the site, and work inside the buildings will soon start, Ritz said.

“Anybody that goes by there on a regular basis, will see a lot of activity from the street,” he said. “Then it will appear the activity slowed down in a couple of months. That is because we will be doing the work inside the building.”

Since the project is utilizing a tax credits program administered by the Indiana Housing and Community Development Authority, the people living in the apartments must meet a maximum income criteria set by the state. Ritz shared those established limits with the council. Those limits change in April of each year, Ritz explained, so the limits will be slightly different by the time residents start moving into the complex in May.

The maximum income is $31,560 for a one-person household, $36,060 for a two-person household, $40,560 for a three-person household and $45,060 for a four-person household.

The biggest apartment is two bedrooms and the maximum occupancy is two people per bedroom. So the maximum number people living in an apartment will be four people, Ritz said. “So there will be no five- or six-person households living at Wagon Works,” he said.

Rents will range from the lowest of $349 per month for a studio apartment to the highest being $599 per month for a two-bedroom apartment.

The council agreed Tuesday evening to contribute a $25,000 economic grant to help pay for utility application fees for the project. The city had decided to waive fees, but later found out that legally, it could not do so, Mayor Denny Spinner said.

Councilman Jeff Bounds asked when applications would start being accepted and how people could get an application.

“The state will not allow us to use any information that is more than 90 days old,” Ritz said. “So working backwards, we expect to be in a position to start taking applications sometime in February.”

To find out more information on that, Ritz suggested calling the apartment complex’s management at 812-684-9800; there is also a website, www.Wagon-Works.weebly.com. The number and website are printed on the sign in front of the development site.




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