Lafayette approves tax abatement for revolutionary low income apartment complex

The 10-year abatement will help the complex get local families out of generational poverty.

Posted: Feb 28, 2019 5:02 PM
Updated: Mar 1, 2019 8:58 AM

LAFAYETTE, Ind. (WLFI) - Construction, and the city, are making headway on the new H38 East apartments in Lafayette. The Lafayette Redevelopment Commission approved a tax abatement for the low incoming housing complex on Thursday.

Tax abatements are generally reserved for industrial or commercial business. However, Lafayette's Economic Development Commissioner Dennis Carson said in the meeting that abatements can be used for other purposes.

The 10-year abatement will help the complex get local families out of generational poverty.

"It's not our usual affordable housing project, it really isn't," said Elva James, Executive Director of Agency IV Housing. "You do not just come there to live, you come there to make a difference in your life and your future."

As News 18 previously reported, the complex will have a variety of resources to help low-income families. That includes transportation options, career connections, community gardens, a learning kitchen, and a tech center. They broke ground on the site in December. The complex will also be net zero, meaning the solar panels it has will generate enough energy as the complex will use.

Mayor Tony Roswarski spoke on behalf of the project at the LRC meeting, saying that opportunities like this complex are what the city needs. He did not hide the fact that previously, he has vocalized his disapproval for other low-income complexes being build in Lafayette.

James said they approached the mayor's office right from the beginning, and have worked hard to include the city in their plans. She said they have support from local business and organizations, including Kirby Risk, Subaru, Wabash National, Purdue Extension, Ivy Tech, the YMCA, and United Way.

"These are real partnerships. They are not just something on paper," she said. "We will be following up, we will be working with them because we need them in order to make this successful."

James said they plan to open the apartments in the fall of 2020.

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