PROPERTIES

The goal of Merchants Affordable Housing is to provide high quality, affordable housing opportunities in a range of areas. Our portfolio consists of over 2200 urban and suburban apartments. We believe that individuals and families should have an opportunity to access the best housing in the best neighborhoods.   

 
 

Indy flats

Indy Flats is a portfolio of historic buildings constructed between 1890 and 1952 located in the north side neighborhoods of Indianapolis. Midtown Flats consists of 283 units of market rate units that will undergo upgrades in the near future. Northside Flats includes 218 recently upgraded units funded by both Historic and 4% Tax Credits. Renovations were made with respect to the historical significance of the buildings by partnering with the Indianapolis Historic Preservation Commission. MAHC is the 100% owner of the GP and developer. 

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Village of Merici

The Village of Merici is rehabilitation of a historic building on the beautiful Fort Benjamin Harrison campus in Lawrence, Indianapolis. It includes 20, fully ADA compliant and modern apartments for adults with developmental disabilities funded with 9% Tax Credits. The Village of Merici offers a uniquely interdependent community of residents, support staff, community coaches and families to create an environment that affords the residents a solid foundation on which to grow as individuals in self-sufficiency and independence and in relation to others in the community. Village of Merici utilizes Section 8 HAP funding for a portion of the units. MAHC is the 100% owner of the GP and developer.

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Woodlake Village

The Woodlake Village Apartments are a 498-unit, three-phase acquisition, rehabilitation, and preservation of affordable housing utilizing 4% Tax Credits/Tax Exempt Bonds. Woodlake Village is located near Miller Beach, Indiana and was part of an 852-unit portfolio acquisition/rehabilitation that provided modern upgrades to an aging portfolio. Woodlake Village utilizes Section 8 HAP funding for a portion of the units. MAHC is the 100% owner of the GP and developer.

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Concord commons

The Concord Commons Apartments are a 354-unit, two-phase acquisition, rehabilitation, and preservation of affordable housing utilizing 4% Tax Credits/Tax Exempt Bonds. Concord Commons is located near Miller Beach, Indiana and was part of an 852-unit portfolio acquisition/rehabilitation that provided modern upgrades to an aging portfolio. Concord Commons utilizes Section 8 HAP funding for a portion of the units. MAHC is the 100% owner of the GP and developer.

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kenwood place

Kenwood Place Apartments on the north side of downtown Indianapolis, Indiana is a two-phase, 97-unit Section 202 senior housing development. Kenwood Place utilizes both Section 8 HAP and PRAC funding for a portion of the units. MAHC is the 100% owner of the GP and developer.

 

turtle creek

(Indianapolis)
Turtle Creek Apartments is a 262-unit acquisition in Washington Township on the north side of Indianapolis.

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braeburn village

(Indianapolis)
Braeburn Village Apartments is a 402-unit acquisition in Warren Township on the east side of Indianapolis. 

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