Development Brings Affordable and Veterans Housing to Indianapolis| Housing Finance Magazine

Formerly homeless or at-risk veterans will be among the residents of a new 61-unit affordable housing community recently unveiled in Indianapolis by developers Woda Cooper Cos. and HVAF (Helping Veterans And Families) of Indiana.

Proctor Place is named in honor of Sgt. Joseph Eugene (Joey) Proctor, a member of the Indiana Army National Guard killed in action during combat operations in Iraq on May 3, 2006. He was posthumously awarded the Silver Star for his courage.

“HVAF of Indiana is please to celebrate the opening of Proctor Place to offer new supportive housing options for veterans in Indianapolis,” said CEO Emmy Hildebrand. “We are pleased to honor Sgt. Proctor, and all veterans, as we join Woda Cooper Cos. to provide housing for the most vulnerable veterans in our community.”

Supporting veterans was a goal for this development from its inception, according to Nick Surak, senior vice president at Woda Cooper Cos.

The three-story development features 15 one-, 31 two-, and 15 three-bedroom apartments, with 15 units set aside for veterans.

Replacing a five-bed transitional housing facility operated by HVAF, the $12.6 million development was made possible through low-income housing tax credits allocated by the Indiana Housing & Community Development Authority. Other funding partners include Fallbrook Opportunity Zone Fund II, Fifth Third Bank, and Cedar Rapids Bank & Trust.

The city of Indianapolis Department of Metropolitan Development provided a payment in lieu of taxes (PILOT) to support the development, and Indianapolis Housing Agency provided project-based vouchers for the 15 units set aside for homeless veterans. In addition, the city and Central Indiana Community Foundation’s Housing to Recovery Fund will award HVAF Indiana with $167,000 for supportive services.

Proctor Place has many energy-saving features and is designed to be certified LEED Silver. The community includes an on-site management office, two additional office spaces for supportive services consultation, a community room with a kitchenette, multiple free computer stations and free Wi-Fi throughout the building, secure indoor bicycle storage on each floor, and units for those with physical disabilities. Outdoor community spaces include a playground, grills, and bike racks.

Proctor Place earned a Quality Supportive Housing Endorsement from CSH-Indiana based on the development mission and vision for Proctor Place, site and architectural plans, neighborhood amenities, and operational and supportive services plan.

Indianapolis-based Cripe is the architect. The sustainability consultant is Sol Design + Consulting, and BWI LLC is the general contractor. Day-to-day property management and leasing will be performed by Woda Cooper’s management division.