Developer Woda Cooper Companies, in conjunction with co-developer nonprofit Parallel Housing, Inc., announced that Stanley Terrace, a 60-unit general occupancy affordable development in Plainfield, IN, was allocated LIHTC through the Indiana Housing & Community Development Authority.
The new $13.2 million community will offer 36 garden style apartments and 24 townhomes within walking distance of Plainfield’s historic downtown, approximately 15 miles southwest of Indianapolis
“High-quality, energy-efficient affordable housing, featuring desirable amenities such as luxury vinyl flooring, open-concept design, dishwashers, and washers/dryers, plus accessible units for those with mobility challenges, is in high demand in Plainfield,” said Nick Surak, senior vice president for Woda Cooper.
