On Thursday, the Indiana Housing and Community Development Authority announced that Garden Court has been approved for the Garden Court Horizons project.
The multi-family integrated housing project is an affordable rental housing development designed to support a vulnerable population by incorporating on-site services and technology. Integrated housing comprises eight permanent supportive housing units and 24 standard low-income tax credit housing units.
Garden Court Horizons will be built on a five-plus-acre site on Glenn Overmyer Drive at Olive Trail.
The residential development will consist of eight 1-bedrooms, twelve 2-bedrooms, and twelve 3-bedroom apartments, totaling 32 units across six single-story quadplexes and a Community Building.
Those being served by this new residential development are individuals and families earning between 30% and 80% of the Area Median Income. (see chart below)
The tentative schedule calls for construction to begin in the spring of 2026 with completion in the fall of 2027. The total projected cost of the development is $12,930,315.
The success of this funding is due to many individuals and organizations, including Mayor Robert Listenberger and former Mayor Mark Senter, who have been strong advocates for the project. John Myers, President of the Garden Court Board of Directors, has stuck with this project through thick and thin for 2.5 years, along with Rod Ludwig, Managing Director of Multi-family Housing with the Bradley Corporation, who will serve as the property manager.
Also assisting with this project have been Anne McKinley with McKinley Development, LLC, the tax credit administrator, Kevin Berger with Easterday Construction, who serves as the estimator and contractor, and Jeff Kumfer and Brent Martin from SRKM Architecture, who are the planners and architects.
Not to be forgotten are additional members of the Institute Team: Sean Surrisi, former City Attorney; Linda Yoder, Executive Director of United Way of Marshall County; and Zachary Cook with the Bowen Center.
HUD establishes the Area Median Incomes for every county in the US. Here are Marshall County’s rates for 2025 based on household size:
30% LIMITS
One Person: 19,350 Two Person: 22,100
Three Person: 24,850 Four Person: 27,600
Five Person: 29,850 Six Person: 32,050
Seven Person: 34,250 Eight Person: 36,450
60% LIMITS
One Person: 38,640 Two Person: 44,160
Three Person: 49,680 Four Person: 55,200
Five Person: 59,640 Six Person: 64,080
Seven Person: 68,460 Eight Person: 72,900
80% LIMITS
One Person: 51,550 Two Person: 58,900
Three Person: 66,250 Four Person: 73,600
Five Person: 79,500 Six Person: 85,400
Seven Person: 91.300 Eight Person: 97,200
The rent that can be charged is based on these income limits.
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