Sourced from Dubois County Free Press
Cincinnati-based developer Miller-Valentine Group announced the Jasper Lofts project on East 13th Street will open next summer.
The new development features 60 to 70 units of workforce-development housing in the former Jofco headquarters at 402 E. 13th Street is set to open in June.
Jasper Lofts will offer pet-friendly one-, two- and three-bedroom apartment homes. According to the developer, each floor plan will include modern amenities like a fully-equipped gourmet kitchen with energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room that includes a full-size washer/dryer. Residents will also have access to a large community room with a kitchen/dining area, business center, fitness center and media room. Outdoor amenities include a courtyard, playground, picnic pavilion and plenty of space to take your furry family member for a stroll.
“Jasper Lofts allows Miller-Valentine Group to provide outstanding, brand new homes to an area that needs them,” said Brian McGeady, partner and president of Miller-Valentine Affordable Housing Development. “We are enthusiastic and privileged to serve the City of Jasper and show them that our passion is to positively impact their lives.”
The project benefitted from $1,199,705 in state tax credits through the IRS Rental Housing Tax Credit program and received a $450,000 contribution from the city. On top of an injection of $170,000 of economic development tax funds, the project will also receive a property tax abatement package worth about $230,000 and $50,000 in off-site improvements that include streetscaping and utility improvements.