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We Are Here For the Next Century…99-Year Ground Lease Agreement Approved!

SCIHO-Switchyard Apartments, LLC, a subsidiary of South Central Indiana Housing Opportunities Corporation, is now party to a 99-year ground lease with the Bloomington Parks and Recreation Department for 1901 S Rogers, the site of the Switchyard Apartments project.


SCIHO Awarded $500,000 Affordable Housing Program Grant

Sept. 8 — South Central Indiana Housing Opportunities, in partnership with BloomBank, has been awarded $500,000 in competitive Affordable Housing Program grant funds from the Federal Home Loan Bank of Indianapolis for the development of Switchyard Apartments.

Investigating Community Housing Needs

SCIHO has completed a Community Housing Needs Assessment to document the City of Bloomington’s housing needs.

Highlights:

  • Housing costs in Monroe County are the highest in Indiana, and demand for low-cost rentals far outstrips supply.
  • In Monroe County in 2011-13, there were only 14 rental units affordable and available for every 100 extremely low-income renters–a decrease of 22 percent from 2000.
  • Bloomington must build its local capacity to increase the production of affordable housing.

Projects

As a nonprofit affordable housing developer, SCIHO aims to have a steady pipeline of projects. In 2017, SCIHO is developing its first affordable housing project! This inaugural project, which is targeted for the City of Bloomington, will be new construction of a multifamily rental property.


2017-19 Strategic Plan

STRATEGIC AREAS
1. Affordable Housing Development and Pipeline Development
2. Capacity Building
3. Communications and Marketing
4. Finances and Fundraising
5. Community Outreach and Partnerships
6. Property and Asset Management

Download our 2017-19 Strategic Plan