Co-developers HVAF and Woda Cooper unveiled the new Proctor Place, a 61-unit, high-quality affordable housing community located at 240 N. Warman Ave., on the Central State campus, just west of downtown Indianapolis. Elected officials, including Mayor Joe Hogsett, plus veteran and housing advocates, financing partners, and other supporters of the development joined the co-developers and family members of namesake Sergeant Joseph Proctor for remarks, a ribbon-cutting, and a tour of the new property.
Proctor Place is named in honor of Sergeant Joseph Eugene (Joey) Proctor, a member of the Indiana Army National Guard killed in action during combat operations in Iraq on May 3, 2006. He was posthumously awarded the Silver Star for his selfless courage.
“HVAF is pleased to celebrate the opening of Proctor Place to offer new supportive housing options for veterans in Indianapolis,” said Emmy Hildebrand, HVAF’s Chief Executive Officer. “We are pleased to honor Sergeant Proctor, and all veterans, as we join with Woda Cooper Companies to provide housing for the most vulnerable veterans in our community.”
Proctor Place, located where an earlier five-bed transitional housing facility was operated by HVAF, was made possible through housing tax credits allocated by the Indiana Housing & Community Development Authority (IHCDA). It will have 15 supportive housing units set aside for homeless or at-risk veterans.
“Proctor Place serves a dual role in that it secures both affordable, workforce housing while also providing permanent supportive housing for veterans who experience homelessness,” said Indianapolis Mayor Joe Hogsett. “So, today’s ribbon cutting celebrates far more than an attractive new building at a historic site. It represents our city’s ongoing commitment to securing a pathway to housing for every resident of Indianapolis.”
The City of Indianapolis Department of Metropolitan Development (DMD) provided a Payment in Lieu of Taxes (PILOT) to support the development and Indianapolis Housing Agency (IHA) provided project-based vouchers for the 15 units set aside for homeless veterans. In addition to city incentives, the Hogsett Administration and Central Indiana Community Foundation’s Housing to Recovery Fund will award HVAF Indiana with $167,000 for supportive services.
Supporting veterans was a goal for this development from its inception, said Nick Surak, Senior Vice President with Woda Cooper.
“Our partnership with HVAF of Indiana to produce 61 affordable apartments at Proctor Place, including 15 permanent supportive housing units for homeless or at-risk veterans, will expand on HVAF’s proven expertise in providing housing and other services for the state’s veterans,” said Nick Surak, Woda Cooper Companies’ Senior Vice President- Development. “We thank HVAF, as well as the City of Indianapolis, Indiana Housing & Community Development Authority, Indianapolis Housing Agency, and our financial partners including Fallbrook Opportunity Zone Fund II, Fifth Third Bank, and Cedar Rapids Bank & Trust.”