Schererville, IN senior housing plan questioned

Town planners aren’t convinced that residents in a planned unit development would embrace proposed changes to the neighborhood plan.

For the second time in less than a month, representatives from RealAmerica LLC met with the Schererville Plan Commission to discuss details of possible affordable senior housing not far from the northwest corner of U.S. 30 and U.S. 41.

When Fountain Park, a mix of commercial and residential, was approved, the area was supposed to be developed with two four-story condominium units. But, the market shows there is a need for senior housing in Schererville, said John Teibel, of R.M. Teibel & Associates.

The developer contacted RealAmerica, and it came up with the idea to build two 25-unit buildings instead.

RealAmerica uses a federal tax credit program called Section 42 that allows the company to offer affordable rent to seniors. It is not a Section 8 development. A land use restriction would be linked to the housing for 30 years, even if ownership were to change hands.

After more discussion about the plan during Monday’s study session, Commission President Bill Jarvis said he didn’t think it was fair to people who live in townhouses on the property to change the plan they bought in to.

“I think we’re pulling the rug out from under people’s feet,” he said.

Jarvis said the town recently finished its comprehensive plan, and affordable senior housing on that site was not included. He said he does not think it is a good use of the land. If the developer moved forward with the plan, Jarvis said he would expect a lot of remonstrators.

Read more at NWI.com

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About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
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