cropped-header-contact1.jpgInvestigating Community Housing Needs

SCIHO recently 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.

Goals

As a nonprofit affordable housing developer, SCIHO aims to have a steady pipeline of projects. In 2016-17, SCIHO will undertake develop its first affordable housing project, starting with organizational capacity-building and predevelopment activities. This inaugural project, which is targeted for the City of Bloomington or Monroe County, will be either the new construction of a multifamily rental property, or the acquisition and rehabilitation of an existing property.