Village at Hillside is a transformative residential development in Anderson, Indiana, representing a significant milestone in the revitalization of Madison County. The project involved a strategic combination of partial rehabilitation and new construction, successfully turning a once-vacant property into a vibrant community asset. Developed through a partnership between Flaherty & Collins Properties and the City of Anderson, the initiative focused on establishing growth and eliminating local blight. The complex financing for this undertaking was achieved through a collaborative blend of Low-Income Housing Tax Credits (LIHTC), City and HOME funds, a deferred development fee, and an IHCDA Development fund loan.
The community is designed with a rigorous commitment to sustainability, earning a Silver LEED rating for its environmental performance. Each unit emphasizes energy efficiency, featuring Energy Star-rated appliances, windows, exterior doors, and high-efficiency HVAC systems. These features not only reduce the property’s environmental footprint but also provide long-term utility savings for residents. The development also includes five unique single-family rental units specifically designed to serve as a training ground for low-income households on the path toward homeownership.
A central component of the lifestyle at Village at Hillside is its focus on economic progress and resident support. In partnership with PathStone, the development provides resources to help residents address barriers to their economic well-being. This social infrastructure is further bolstered by homeownership training, aligning with city-led efforts to construct homes for first-time buyers in the surrounding neighborhood. By integrating quality housing with comprehensive supportive services, Village at Hillside delivers transformational results that support both individual stability and the broader economic health of the Anderson community.
