Posterity Heights, a high-concept development for certain low-income residents has been granted more than $1.38 million in assistance from the Indiana Housing and Community Development Authority.
The money will come to the Fort Wayne Housing Authority in the form of $882,000 in low income tax credits and $500,000 from the state agency's Developmental Fund. The money will support construction of Posterity Village, phase three of the project.
Posterity Village will provide rent-to-own homes and supportive housing to families dealing with intellectual and/or developmental disabilities, according to George Guy, housing authority executive director.
The development will consist of 58 units in a mixture of duplexes, cubes and brownstones and cottage-style one- and two-story single-family homes. "The development will feature a sustainable design concept" and supportive services for residents, according to a news release issued today.
Posterity Heights is being developed on the former site of McMillen Park Apartments in the 4200 block of Plaza Drive. Already nearing completion is Scholar House, two apartment buildings with 44 units designed for students pursuing higher education.