NEWS AND TRIBUNE
New Hope Services Inc. has acquired the Duck Creek Apartment complex in Elwood, located about 25 miles northeast of Indianapolis, according to a release from New Hope.
Duck Creek is a multifamily Section 42 affordable housing community with 45 units of two-, three- and four-bedroom apartments. Developed in 2002, the complex is located three miles from the Forest Glen Senior Apartments, another New Hope Services property.
“We are very pleased to be able to include Duck Creek in our affordable housing program,” said James A. Bosley, president and CEO of New Hope Services, Inc., in the release “Having both senior and multifamily properties in Elwood gives us the opportunity for improved efficiencies in management and maintenance, a broader continuum of affordable housing, and a greater investment in the community of Elwood.”
Housing and Community Development has become a major focus for New Hope, which many years ago saw the need for clean, safe, affordable housing in Southern Indiana. The two properties in Elwood are the furthest from the organization’s corporate offices in Jeffersonville, with the exception of its Rivers Edge property in Clinton.
Since 1997, New Hope has emerged as the largest nonprofit contractor of affordable single-family housing in Clark, Floyd, Harrison, Scott, Jefferson and Washington counties. With the addition of Duck Creek, New Hope will have about 275 units of affordable housing.
The community development team also works with clients being displaced from their homes for various reasons such as flooding, bridge construction, eminent domain and other municipality or owner/landlord issues.
New Hope’s current project, called Aberdeen Woods, offers affordable housing for seniors. Phase II of the project is completed and fully occupied, and a third phase is planned to construct units designed for seniors raising grandchildren.
ON THE WEB
• For more information on New Hope Services Inc., visit newhopeservices.org