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Richland Senior Citizens Housing presents plan for 55 affordable senior units; TIF exemption asked
Summary
Representatives of Richland Senior Citizens Housing told the council they plan a 55‑unit, income‑based expansion estimated at $6–$6.5 million and will seek property‑tax treatment to secure tax credits; the item was presented on first reading and will return for ordinance action.
Ellettsville — Representatives of Richland Senior Citizens Housing presented a pilot agreement on Feb. 9 seeking town support for a property‑tax exemption that would enable use of tax credits to build 55 one‑bedroom units for residents 62 and older.
The presenter said the project is "somewhere between 6 and 6 and a half million" dollars and…
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