WARSAW — The Warsaw Redevelopment Commission is revisiting the possibility of a senior housing project on Market Street. The project was discussed during the monthly meeting held on Monday, Oct. 2.
The project was originally proposed as one of the Stellar Community projects. Even though Warsaw did not receive stellar designation, the identified projects are still deemed important by the city. The $11.3 million project will provide 65 affordable senior units. The project will be developed, built and managed by Englewood Group.
The first step of the project was to designate five land parcels with the common address of 805 E. Market St., as blighted properties. These properties were given to Warsaw last year by Habitat for Humanity in exchange for other parcels in the city. The board approved the resolution to declare those parcels as blighted properties.
The board then approved contributing $150,000 to the project if the project is approved for an Indiana Housing and Community Development Authority grant. The project will only take place if this grant is received. Receiving the grant is based on many factors, such as amount of funds contributed by the city and the impact of the project.
If the grant is received and everything else proceeds as planned, the project could begin next year. A few other nearby properties would have to be acquired before the project could begin.
“The project was a great project for stellar,” said Warsaw Mayor Joseph Thallemer. “We’re excited that we have the opportunity to pursue this project through IHCDA with the developer.”
In other news:
- The board approved a rate sheet for Barnes & Thornburg. The engagement letter was approved at a previous meeting.
- City Planner Jeremy Skinner provided the board with signage possibilities for the Technology Park. Skinner is deciding whether the commission will begin the signage project or phase II of the CR 300N project this year. Which project is chosen will depend on various construction schedules and available funding.