(La Porte County, IN) - La Porte County government could be sinking funds into combating the lack of affordable housing.
On Wednesday night, the La Porte County Commissioners recommended approving spending $345,000 to subsidize a proposed development of twelve homes in Michigan City.
Homeward Bound, a local organization, focused on providing homes with affordable rent in La Porte County, wants to build 12 homes inside four buildings on Karwick Road across from the Pottawattamie Park golf course.
Rent is kept affordable because there is no financing to pay for the work to save on interest rate costs, said Sandra Keller, who's with the organization.
"We fund 100 percent of the development," she said.
Keller said rent for each one and the two-bedroom unit would range from about $400 to $600 a month for low to moderate-income individuals, who will be expected to have some income from sources like a job or pension.
She described the over $2 million development as a "coop-based rental housing village" featuring many open spaces and other things like gardens, trails, and bicycle storage.
There would also be a community building for occupants, who would be key to the daily operations of the village to gather.
Keller hopes the site's development will happen sometime during the first half of next year and construct similar other housing locally.
"We envision doing this and different projects like this throughout the county," Keller said.
The recommendation from the commissioners will go before the La Porte County Council for final action.