Southern Terrace Moves Forward: 45 New Affordable Residences to be Constructed
By Michele Owen— MUNCIE, IN—On Tuesday, Advantix Development closed on Southern Terrace, a scattered-site development that will bring 45 new residences to Muncie. The project was awarded $1.2 million in Low Income Housing Tax Credits (LIHTC), and the homes will only be available for residents earning 30-80% of the Area Mean Income. Rent for each resident will be calculated based on income and family size. The sites include former Muncie Redevelopment Commission properties, sites from the Land Bank, and a…
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