HAMILTON COUNTY AREA NEIGHBORHOOD DEVELOPMENT INC

Programs: Hamilton county area neighborhood development, inc. (the "corporation") is an indiana non-profit corporation that commenced operations on january 17, 2003, for the purpose of addressing the housing needs of low and moderate income individuals, families, and senior citizens in hamilton county, indiana providing affordable housing options through the development of rental properties and assisting residents in obtaining home ownership. The corporation has been certified by the indiana housing & community development authority ("ihcda") as a community housing development organization ("chdo"). In 2013, hand facilitated a comprehensive housing needs assessment for hamilton county. This study involved in depth analysis and extensive outreach to develop a full understanding of pressing housing issues, and a list of strategies that may work in local communities. As a result of this analysis, the board of directors adopted a strategic plan that outlines new goals and objectives for 2014-17. This plan calls for new programs to support low income homeowners with repairs, and foster grassroots community building initiatives. These efforts will build a broader base of support, pursue more sustainable partnerships, and deliver more comprehensive impact on the community. Hand relies on earned developer fees, public and private grants, and philanthropy to fund operations, and there is a renewed focus on the role of volunteers to expand services across hamilton county. Hand began development of 14 new apartments in 2014, including roper capstone and spicewood gardens apartments phase 3. Roper capstone is a rehab of a vacant building in noblesville, indiana, and will ultimately provide 6 new affordable housing units. Spicewood gardens apartments phase 3 will create 8 additional senior units in sheridan, indiana. As of december 31, 2014, the corporation had a 100% ownership in seven entities:**hand plum tree gardens, llc, an indiana limited liability company, organized to operate a 6-unit community known as plum tree gardens, located in noblesville, indiana, which provides housing for low-income elderly persons. Plum tree gardens was built using proceeds from the cdbg and home grants as well as affordable housing program ("ahp") funds from the federal home loan bank of indianapolis. **hand development corp. Was formed for the purpose of investing in various limited partnerships, which have been organized to acquire, develop, own, and operate low-income residential rental properties. Such investments include general partner interests in spicewood garden apartments l. P. And spicewood garden apartments ii, l. P. , entities formed to develop and operate senior living facilities in sheridan, indiana. **hand 8th street redevelopment, llc, an indiana limited liability company, was organized to acquire, develop, and rehabilitate two multifamily buildings in noblesville, indiana, collectively referred to as the roper lofts. The roper lofts consist of 8 residential units, 2055 square feet of public use space, and 317. 5 square feet of commercial space, which is rented by the corporation. The roper lofts were rehabilitated using cdbg funds under the neighborhood stabilization program ("nsp"). **hand pebble brook gardens, llc, an indiana limited liability company, was organized to acquire, construct, and operate a 9-unit community known as pebble brook gardens located in noblesville, indiana, which will provide housing for low-income elderly persons. Pebble brook gardens will be developed using proceeds from a home grant, a cdbg grant, and ahp funds from the federal home loan bank of indianapolis. **hand lakeside gardens, llc, an indiana limited liability company, was organized to acquire, construct, and operate a 5-unit community known as lakeside gardens located in cicero, indiana, which will provide housing for low-income elderly persons. Lakeside gardens was built using proceeds from cdbg grants and ahp funds from the federal home loan bank of indianapolis and was placed in service may 2014. **hand roper capstone, llc, an indiana limited liability company, was organized to acquire, construct, and operate a 6-unit community known as roper capstone located in noblesville, indiana, which will provide housing for low-income persons. Roper capstone is currently under construction and is being developed using proceeds from a home grant, a cdbg grant, ahp grants from local sources, and conventional financing. **hand spicewood gardens, phase 3, llc, an indiana limited liability company, was organized to acquire, construct, and operate a 8-unit community known as spicewood gardens apartments phase 3 located in sheridan, indiana, which will provide housing for low-income elderly persons. Spicewood gardens apartments phase 3 is currently under construction and is being developed using proceeds from a home grant, a cdbg grant, and ahp funds from the federal home loan bank of indianapolis.