The award consists of $1,003,000 in rental housing tax credits coupled with $500,000 in additional funding that will be leveraged to complete the $12,155,229 project.

The development, which will be known as Historic Whitlock Place, will reuse the former facility to create modern apartments while eliminating a blight that has persisted in the heart of the community for three decades. Additional work is planned to improve the infrastructure in the neighborhood and create a direct link to the downtown area.

Keith Veal of Sustainable Solutions Inc., and a 1992 Wabash College graduate, is spearheading the project, which is expected to add up to 60 housing units for seniors.

via Old Culver project receives tax credits – journalreview.com: News.