The Indiana Housing and Community Development Authority (IHCDA) and Energy Systems Network (ESN) announced a new, innovative program aimed at providing energy efficient affordable housing and transportation during the 2015 Indiana Housing Conference. The program, called Moving Forward, is designed to create housing that increases quality of life while decreasing the cost of living for low to moderate income individuals and families.
The IHCDA has selected BWI, LLC and Pedcor Investments as the lead entities of the two development teams to participate in the Moving Forward program.
HWC will be on the development team with Pedcor Investments, led by Thomas Crowe. Over the past 28 years, Pedcor has developed a strong reputation for identifying rental housing markets and utilizing various financial structures resulting in 83 total apartment properties. Other key members of the team include: Clinton Sparks, HWC Engineering, Daniel Hellmuth, Hellmuth + Bicknese, LLC and Matt Maple of HWC Engineering.
A key partner for IHCDA in this endeavor is ESN who not only helped to conceptualize the program but has assembled a remarkable team of subject matter experts from industry, academia and local government agencies. These industry experts will work with the selected developers to help them create innovative housing concepts that focus on transportation and sustainability.
The two concepts will be developed during a series of mandatory workshops and meetings in which IHCDA, ESN and the assembled subject matter experts will work with the selected development teams. Cory Whitesell, of HWC Engineering, has been asked to participate in one of these workshops, being held November 18-19, with Pedcor to help scope out an innovative project. Upon completion of the workshops and creation of development concepts, the two development teams will each be able to submit RHTC applications of up to $750,000 each under the General Set-aside* in July 2016.
For more information on the Moving Forward Program click here.
To read the press release regarding IHCDA selection of development teams click here.