New partnership to expand city housing stock; housing demand continues strong in Logansport

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Response to the availability of 30 new houses in the ReVere Homes project has been a gauge that underscores the findings in a city housing master plan approved last year.

More than 300 applications for the 30 homes have been received by Crestline, the city’s developer for the project. Applications are no longer being accepted. Eighteen of the 30 have been leased. Crestline expects all 30 to be finished by the end of the year. Each application is evaluated in the order it was received.

The city housing master plan called last year for up to 400 new single-family units. As part of the plan, consultants also recommended the city pursue an association with a Comprehensive Housing Development Organization commonly referred to by the acronym CHDO.

After approaching local agencies, the city has reached a tentative agreement to partner with Advantage Housing, a Kokomo-based agency which has been working in Logansport and has an office at The Bridge at East Linden Avenue and North Sixth Street.

“Our hope with this partnership is to turn over homes in the county  tax or commissioner sales or land for redevelopment as new housing,” Mayor Dave Kitchell said Wednesday. “This concept allows the agency to sell properties and reinvest the profit into acquisition and development of more local housing. It also will employ more construction workers, support our neighborhoods and property values, and patronize our local businesses and vendors.”

The mayor said Advantage Housing was approached after consulting with the Indiana Housing and Community Development Authority.

The city also is working with a Fort Wayne developer to build new homes on city-owned acreage on High Street Road and Yorktown Road. The housing master plan also has recommended development of the former Tipton Elementary School site and loft apartments downtown.

The Logan Square Apartments are projected to open later this year.

SOURCE: News release from Logansport Mayor Dave Kitchell