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.
By finding new disposal methods, the environment is preserved and clients save money in the process, he said.
During summer 2013, the company sent materials from a deconstructed house to Yellowstone National Park, where they were used to build a guest lodge. The owners of the home had passed away and their house was falling apart, but materials were saved and sent to their favorite place.
“All of this came out of an internship at Western,” Bennink said. “That internship has turned into a national effort, and there have been hundredsof jobs created from it.”
Dave Bennink, owner of Re-Use Consulting