Switchyard Apartments

Site Sign - Switchyard Apartments 9-18-2019

Click here to sign up for the Switchyard Apartments Tenant Interest List

SCIHO is developing Phase 1 of Switchyard Apartments under a 99-year ground lease agreement with the City of Bloomington’s Board of Park Commissioners.  In addition to Switchyard Park just to the east, Switchyard Apartments is close to the city’s B-Line trail, on a city bus line, near community facilities, office, and retail, and adjacent to the new Switchyard Park being developed by the City of Bloomington.

Phase 1, on the west side of the site, is a three-story building along S. Rogers Street. Phase 2, to the east, will contains a two stories with a walk-out lower level that faces the City of Bloomington’s new Switchyard Park.  Together, these buildings frame a courtyard which is accessed off the entry drive on the south side of the site. Phase 1 contains eight apartments, with two 2-bedroom units and six 1-bedroom units for low-income households. Three of these units will be reserved for clients of LifeDesigns, a local nonprofit serving people with disabilities. Two on-site ADA accessible parking spaces are planned.

SCIHO’s executive director, Deborah Myerson, said, “Switchyard Apartments will create an opportunity for low-income households in Bloomington to live in a vibrant community setting.  This project supports Bloomington’s need for affordable housing by creating eight new affordable housing units to low -income households.”

Apartments will serve residents who earn 50% to 80% of the Area Median Income (AMI), or $26,075 – $50,050 per year.  In addition, lower incomes will be eligible for for two of the apartments under project-based vouchers anticipated from the Bloomington Housing Authority.

The new residents of Switchyard Apartments will be selected by a lottery process, as well as credit and income eligibility. LifeDesigns will select their clients for three of the units. Leasing information will be available further into construction.

For prospective tenants who would like to be added to an interest list:


Project Team
Architect Springpoint Architects, pc
Civil Engineer Smith Brehob & Associates
Contractor Building Associates, Inc.
Developer South Central Indiana Housing Opportunities
Geotechnical Engineer Patriot Engineering
Mechanical/Electrical Engineer Design-Aire Engineering
Structural Engineer Katahdin Engineering

 

South Central Indiana Housing Opportunities is proud to have support and financing for Phase 1 of Switchyard Apartments from:

City of Bloomington, Board of Parks and Recreation 99-year ground lease for the land
Federal Home Loan Bank of Indianapolis – Affordable Housing Program Grant $500,000
Affordable Housing and Community Development Fund Loan

Indiana Housing and Community Development Authority

$490,000
Mortgage – MutualBank $50,000
HOME Investment Partnership Funds – City of Bloomington $300,000
City of Bloomington Housing Development Fund grant $35,421
Lowe’s Community and Educational Foundation grant

 

$21,000
Donors to SCIHO who purchased Neighborhood Assistance Program (NAP) Tax Credits $2,752
Total Project Cost $1,399,173

We are grateful to a grant from the City of Bloomington Common Council Jack Hopkins Social Services Funding Committee for assisting with SCIHO organizational support in the 3rd quarter of 2019 to advance the completion of this project.

South Central Indiana Housing Opportunities (SCIHO) is a 501 (c) 3 nonprofit dedicated to expanding housing options for low- and moderate-income households in Bloomington, Monroe County, and surrounding counties in South Central Indiana.

 ABOUT LOWE’S IN THE COMMUNITY

Lowe’s, a FORTUNE® 50 home improvement company, has a 50-year legacy of supporting the communities it serves through programs that focus on K-12 public education and community improvement projects.  Since 2007, Lowe’s and the Lowe’s Charitable and Educational Foundation together have contributed nearly $250 million to these efforts, and for more than two decades Lowe’s Heroes volunteers have donated their time to make our communities better places to live.