FROM LOCAL SOURCES
HUNTINGBURG -- The Wagon Works housing development in Huntingburg is getting some financial help.
TRI-CAP has announced the project, under construction now, has received $500,000 in supplemental funding from the Federal Home Loan Bank of Indianapolis.
The Wagon Works development will provide 56 affordable apartment units located at the corner of 5th and Washington Streets in Huntingburg.
It’s the final Stellar project to be completed in the city.
Officials plan to begin leasing apartments by the Spring of next year.
The project is being developed through a partnership with TRI-CAP and Paragus Corporation of Indianapolis.
Paragus has been involved in the housing development industry since 1988 and is owned by Mike Mance and Gary Ritz. This will be the third development that TRI-CAP has been a part of since 2010 in the City of Huntingburg. TRI-CAP independently opened Stork Place senior apartments in 2010 and partnered with Miller Valentine in the construction of the Lofts of St Joseph in 2015.
TRI-CAP’s health, housing, and education services change lives, empower families, and improve communities. To learn more, go to www.tri-cap.net or call 812-482-2233.