TWG’s Post

This afternoon, we celebrated the groundbreaking of Eight37 Lofts, a transformative $32.8 million multifamily workforce housing development at 837 Webster Street in Shelbyville. This project is the result of a collaborative effort between TWG, the City of Shelbyville, Indiana Housing and Community Development Authority (IHCDA), and PNC Bank. Once completed, Eight37 Lofts will feature 138 units across two 3-story buildings and a clubhouse, offering one-, two-, and three-bedroom options to residents at a variety of income levels, including those at 50% and 60% Average Median Income (AMI). The community will also include non-restricted units and amenities such as a fitness center, playground, dog park, and CORES-certified resident services to promote professional and personal development. This project breathes new life into a site impacted by a devastating fire in 2019, made possible by Indiana’s new Affordable and Workforce Housing Tax Credit program. Thank you to all our partners for their dedication to increasing housing affordability and creating spaces that our residents can proudly call home. Learn more about the project here: https://lnkd.in/g2TfVZpx