New housing option opens in Westfield
When Keisha Wade injured her back in a car accident a year ago, she and her young son had to move in with her mother in Westfield. Loving the area’s peaceful setting, quick access to conveniences and good schools, Wade knew she wanted to stay but was finding it difficult to find an apartment that fit into her budget. When she heard about The Commons at Spring Mill, a 72-unit affordable housing community coming to Westfield, she put every effort into securing an apartment there.
“Once I got up to Westfield I really began to love it.” Keisha Wade, resident, “I just want to thank all who helped make this possible and for giving myself and my son a new beginning. I am not going anywhere!”
On Sept. 27, Community Action of Greater Indianapolis celebrated the grand opening of The Commons at Spring Mill. Located just south of the intersection of Spring Mill Road and Ind. 32, the development provides clients and other Westfield residents with the opportunity to live affordably and independently, while still having access to supportive services. CAGI’s mission is to promote long-term self-sufficiency and prosperity within the community.
“This project fits well into our long term goals of good, varied, and diversified housing here in Westfield,” Mayor Andy Cook said.
“The Commons at Spring Mill is giving our clients the opportunity to make their home in a safe, stable, and comfortable apartment community,” added CAGI President Ed Tipton. “That kind of independence gives people a lot of pride as they go on to do other things in their lives.”
CAGI was awarded $8 million in federal tax credits, to be given over 10 years, from the Indiana Housing and Community Development Authority. IHCDA also provided an $846,465 construction and permanent loan. KeyBank provided a $5,850,000 construction and $1,225,000 permanent loan, while KeyBank Community Development Corporation provided the $7,440,000 equity investment. The Commons at Spring Mill has been developed in partnership with Indianapolis-based Herman & Kittle Properties, Inc. Herman & Kittle served as general contractor and property manager while CAGI retains ownership.