Bill No. 23-40 Advantix Development Corporation Declaratory Res. Multi-Family Development Real Property Tax Abatement - Multiple Properties

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LETTER FROM THE MAYOR On behalf of the City of Evansville,Indiana,I am 'r pleased to join the Evansville Housing Authority as it presents its 2021 Annual Report. ''VDI PN! ^► Each year, the City of Evansville prepares a CITY OF EVANSVILLE Consolidated Plan for submission to the U.S. Department of Housing and Urban Development. This plan illustrates Evansville's commitment to increasing the supply of decent affordable Advantix.In July 2021,the City was honored to join the local developer ' housin and management agent during the Grand Opening Ceremony for g, providing services to selected low Evansville Townhomes.This tax credit development project added 30 income populations, developing the local economy, and providing newly constructed affordable housing units in a multi-story building public services. EHA,and its non-profit entity,Advantix Development as well as community space for meetings, offices,programming,and Corporation,have been integral in this combined effort.They continue resident engagement. to expand their strategy of providing affordable housing through new and innovative approaches,as you will see demonstrated throughout It is clear that the Evansville Housing Authority embraces the "E is this report.Low Income Housing Tax Credit development projects and for Everyone"concept as it connects,contributes,and celebrates the utilization of the City's Promise Zone designation are prime examples people of this community year after year.I encourage EHA's leadership to name a few. and staff to continue on their current path of sustainability, and I As direct appointees from the Mayor's office, I would also like to commend them on their dedication to make improvements that will personally commend the Evansville Housing Authority Board of ultimately benefit citizens of our great city. Commissioners for expanding their wealth of knowledge over the years as they also continue to guide the ever-growing directives of • -Mayor Lloyd Winnecke r 41.0 P LETTER FROM THE EXECUTIVE DIRECTOR / CEO .,,n�, an incr_ joie year of Building ciC30 treated jobs that generated income to be disbursed back Foundations to Support our Families! into the economy. Advantix is also making this happen in other There are essential items necessary in life cities throughout the state of Indiana. — '. ;Irilk ttil for individuals and families to feel safe and Transformation, by developing newly constructed quality • secure before they can obtain viable jobs, affordable housing, is the driving force behind Advantix care for their families,and be an asset to the Development Corporation. Advantix continues with its mission community in which they live. One of those and is now working on Evansville Townhomes III, KHA RAD I in necessities is shelter. As you look through Kokomo, and 34 East in Marion. In addition, we were recently the EHA/Advantix 2022 Annual Report, awarded tax credits for development projects in the cities of notice the multitude of ways this organization is doing exactly Princeton, Marion, and Muncie. that and more! We're building foundations with bricks and mortar, but that's only the beginning. Supporting our families is EHA and Advantix continue to set the bar of excellence in the accomplished by providing them with a higher quality of housing, housing industry as opportunities and accomplishments achieved connecting them with a variety of resources throughout the by our staff continue to take the agency to new heights.The growth community to assist in ways they never knew existed,and having of Advantix is nationally recognized, and our work is considered a genuine concern for each person in need of our services. leading-edge. Special thanks to our Board of Commissioners for leading the way, our team of dedicated hardworking employees We most recently celebrated the completion of 38 newly that believe in the mission to provide for individuals we serve, constructed affordable units in a 3-story apartment building and to our external partners for supporting us along the way.We in Evansville, Indiana. Eight of those units are set aside for couldn't do it without each and every one of you! permanent supportive housing for individuals with intellectual or developmental disabilities. This means we will offer wrap- around services to help break barriers these residents most likely experienced for the majority of their lives.This newly constructed Rick Moore, Executive Director/CEO development not only created additional affordable housing but www.advantixcorp.com I www.evansvillehousing.org 13