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Did Jefferson Shreve donate? He seems to care so much.
Good point Robert. I would be interested to know as well.
Shreve has pledged to donate his entire mayoral salary to FIA if elected.
Robert S, that’s an easy pledge to make for a multimillionaire. But what is/has he done to support the new shelter to date is the question. If he hasn’t then this is clearly just one more in a long list that shows he’ll pander and say anything to be elected, along with trying to buy the office.
So the commercials about not building the shelter have had an effect.
Yes, Hogsett decides to wait until a few weeks before the election to get this to come to fruition? Politics at its finest.
This is another terrible location. This is land that should remain set aside for affordable housing for people.
A better location for ACC would be the old Twin Aire Drive In site, just west of the Justice Center at Keystone and Pleasant Run.
The city and state should get out of the business of attempting to run and build affordable housing and let private entities who actually do it successfully take over
Chris,
What is the dollar range for affordable housing?
I hear this term tossed around a lot, but never well defined!
“Affordable Housing” (capital A and capital H) has a technical definition.
It starts with people earning at or below 80% of the Area Median Income defined by the Feds. That number is adjusted by the number of people in the household (i.e. the income limit goes higher for more people in the household). And then, for housing cost (either buying or renting) to be “affordable” for those folks, the total monthly payment (rent or P+I+T+I) needs to be at or below 30% of their actual income.
For one person 80% of AMI is $51,150, and each additional person in the household adds $7300 to that limit. So for a two-person household, at an income limit of $58,450, their monthly housing cost has to be at or under $1461.25 (30% of income/12) to meet the definition of “affordable”.
At market interest rates (around 8%), that payment would cover an FHA $165,000 mortgage with 3.5% down on a $170,000 house and about $250/month in escrow for property taxes and homeowner’s insurance. This probably gets you a 2BR, 1BA home that’s 70-80 years old and might or might not have wiring, plumbing, HVAC, windows, and doors that meet current building and energy codes.
For rentals, you can find the income and rent limits here: https://www.in.gov/ihcda/files/22-28-2022-LIHTC-Income-and-Rent-Limits.pdf
Animal Control Center at the old Twin-Drive In… worth a discussion! City property…Government services (CJC)
nearby. Animals were an attraction at the Twin Drive in Theatair…my dad opened it in May, 1950!