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New Haven: Kady Cove Housing Project


                                      Kady Cove will provide 50 two-bedroom duplex units for low income seniors on   Impact
                                      approximately 10 acres near Turnpointe Boulevard in New Haven, Indiana.  The   •   Meets a goal of the New Haven Strategic Investment plan by creating more
                                      project will fulfill a need not currently met in this community by providing affordable   quality affordable housing choices for seniors.
                                      rental housing for seniors at or below 60% of the area median income.  All units will   •   Makes the most effective use of resources by redeveloping an infill site that
                                      have one full bathroom and a full kitchen with a range, oven, refrigerator, microwave,   includes some infrastructure from a senior development project that began over
                    GRABILL           and garbage disposal. Each unit will have a washer and dryer. Appliances will be   10 years ago, yet was never completed.
                                      Energy Star-rated and plumbing fixtures will be water conserving. The duplexes   •  Will bring activity to an area that has otherwise been underutilized.
                                      will incorporate numerous Universal Design features for safety and accessibility.
                    HARLAN            Every unit will include a 1 car attached garage. These features will be incorporated
                                      specifically with seniors in mind so that they may age in place in their homes for as   Readiness
                                      long as they choose to live at Kady Cove.                 •   Keller  Development  has  provided  a  commitment  letter  and  secured  the  site
                   HOAGLAND                                                                       location for Kady Cove through a purchase agreement with the property owner
                                      An on-site community building will be constructed to include a community room   that extends through the April 2020, allowing the development to seek 2020 Low
                                      with a full kitchen and television for resident’s use, a leasing office and a computer   Income Housing Tax Credits to complete the project.
                LEO-CEDARVILLE        room.  Outdoor amenities including raised gardens, a gazebo and a pickleball court   •   Preliminary engineering complete.
                                      will also be available to residents.  Kady Cove will also provide a portion of the   •  Red flag survey completed: No significant issues identified.
                                      trail connection on-site that will help provide connectivity from the New Haven
                 MONROEVILLE          Community Center to Moeller Road.                         Budget:  $8,820,234


                  NEW HAVEN           Keller Development has secured the site location for Kady Gene Cove through   Funding Partners:
                                      a purchase agreement with the property owner that extends through the April   IHCDA
                                      2020, allowing the development to seek 2020 Low Income Housing Tax Credits to   Keller Development
                  WOODBURN            complete the project.

























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