Indiana Record
Evansville
Wednesday, November 4, 2026
High PriorityDevelopmentopen

ECHO affordable rental development at 323 W. Michigan St

Summary

A 32-unit affordable apartment project downtown could get $250,000 from the housing trust fund, serving the lowest-income renters alongside workforce housing at 70% AMI. The money only flows if the state tax credit award comes through this fall.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Jul 14, 2026.

Impact analysis

💰Financial impact

$250,000 committed from the Affordable Housing Trust Fund, not drawn until early 2027 at the earliest.

✅Who benefits

Low- and moderate-income renters, including formerly unhoused and workforce households near downtown employers.

Mentions & discussions (1)

MeetingJul 14, 2026approved

Affordable Housing Fund Advisory Committee (AHFAC) - Jul 14, 2026

A 32-unit affordable apartment project downtown could get $250,000 from the housing trust fund, serving the lowest-income renters alongside workforce housing at 70% AMI. The money only flows if the state tax credit award comes through this fall.

Related development

approved

ECHO 323 W Michigan St Development

Adds 32 affordable apartments downtown with rents from about $510 to $1,700 a month, mixing very low-income and workforce tenants to support the neighborhood economy.

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