HAND Inc. is
scheduled to present its plans to build nine units of senior housing in Tipton to
the city’s Board of Zoning Appeals on June 10, potentially clearing the way for
a $2.1 million investment.
Southwood Villas, the proposed development would be located on five residential
lots HAND acquired last year on Southwood Drive, just east of Tipton High
School. The oddly shaped lots, which back up to the school’s football field, have
been vacant since construction on the neighborhood began in the mid-1990s.
property’s zoning allows for attached housing like what HAND is planning, the
nonprofit housing developer is asking the city to waive three other development
standards related to lot size, parking and fencing.
The bulk of project funding will come from the Indiana Housing and Community Development Authority’s HOME Investment Partnerships and Development Fund programs.
Read more: Southwood Villas fact sheet
Read more: Southwood Villas FAQs
Read more: About Southwood Drive
must be at least 55 years old and earn no more than 60 percent of area median
income: about $28,850 per year for a single tenant or $33,000 per year for a
couple. Rents will range from $550-$750 per month, depending on household size
development will address key housing issues and goals cited in Tipton’s 2012
Comprehensive Plan by providing safe and suitable housing opportunities for the
growing senior population. The rental housing options will help with
alleviating concerns about housing accessibility, property maintenance and
affordability that older adults often experience.
2003 as Hamilton County Area Neighborhood Development Inc., HAND has invested
more than $21 million in suburban housing.