Evergreen Village at Bloomington
Evergreen Village at Bloomington is an affordable assisted living property. The property was completed in May 2018 and serves seniors who are 62+ years in age. The property includes 115-units and is a mix of studio and one bedroom units. 100% of which are income-restricted under the low-income housing tax credit program. The property is also licensed to serve and house individuals and households eligible for Medicaid benefits.
The property's amenities include a full commercial kitchen and daily meal service, therapy rooms, activity/entertainment spaces, outside covered patio area, dinning room, bistro, library, computer room, access to the community walking path and a community van providing transportation and connectivity to local amenities and services.
Leasing information can be found at:
https://www.gardant.com/evergreenvillagebloomington
Evergreen Village at Bloomington
3607 S. Heirloom Drive
Bloomington, IN 47401
812-336-2718
Preservation Transaction Description
First Mortgage Financing: Tax-Exempt Bonds issued by the Indiana Housing and Community Development authority ("IHCDA") and placed by William Blair & Company.
Equity: 4% Low-Income Housing Tax Credit issued by IHCDA were purchased by PNC Bank, NA.
Development Partners
Tax Credit Allocating Agency
Indiana Housing and Community Development
Local City/Municipality
City of Bloomington
Tax Exempt Bond Issuer
Indiana Housing and Community Development
Bond Placement Agent
William Blair & Company
Federal Equity Investor/Partner
PNC Bank NA
Legal Counsel
Honigman Miller Schwartz and Cohn LLP
Ward and Smith P.A.
Architect
The Archtectural Team
General Contractor
Whiting-Turner, Inc.
