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Council denies letter of intent for 150-unit Allen's Place senior development
Summary
Staff described a nonbinding LOI for Allen's Place, a proposed 150-unit senior housing development that would use housing tax credits and a 30-year pilot; the council voted 6–1 to deny the LOI after members expressed concern about adding apartments and long-term pilot terms.
Town staff outlined a nonbinding letter of intent between the town and Allen's Place, LLLP (doing business as Allen's Place) for development of approximately 10.1 acres on Admore Lane into a 150-unit multifamily senior-living community. The project would seek rental-housing tax credits, Indiana affordable and workforce housing tax credits, and tax-exempt bonds through the Indiana Housing and Community Development Authority; the LOI described a pilot (payment in lieu of taxes) guaranteeing $100 per unit annually—$15,000 per year for 30 years, with a 3% annual increase and an estimated 30-year total pilot of about $713,600. Staff said the pilot payments would be kept in a separate account for programs benefitting households at or below 80% of county average household income.
Councilwoman Schiller moved to deny the LOI and was seconded by Councilman McEwen. Schiller said she opposed any more apartments in Clarksville and worried that senior-only use could convert to general apartments later; other members questioned the term length. The motion to deny carried 6–1. Staff noted that if the project fails to secure tax-credit funding the LOI would expire and no pilot would be signed.
