Jeffersonville, IN – New Hope Services is pleased to announce the opening of its latest affordable housing development, M. Fine on Spring. Residents began moving in at the end of December, and full occupancy is expected by mid-March. There is currently a waiting list for the apartments, and seniors (age 55 and up) qualify for affordable housing based on income.
There are 51 one and two bedroom units, and all are equipped with energy efficient appliances, including washers and dryers, and programmable thermostats. M. Fine on Spring offers community living under one roof, with amenities that include an onsite fitness center, theater, restaurant, community rooms, and outdoor roof terrace. Six units are designed and specially equipped for residents using wheelchairs.
It is considered an adaptive reuse housing development, converting an existing building into affordable housing apartments. The project, which took more than a year to complete, involved renovation of 50,000 square feet of the original historic building, addition of 24,000 square feet of new construction, and street level parking. Funding of $10.5 million for the development came from historic tax credits and funds from the Indiana Housing and Community Development Authority.
Located at 835 Spring Street, the property was originally home to the M. Fine & Sons shirt-making factory in the 1930s. It stood vacant for many years, was occupied for a short time by a roofing company, and for 20 years was home to a popular haunted house attraction called “Industrial Nightmare.”
New Hope Services CEO James Bosley says, “We saw the property as ideal for redevelopment, and we liked the idea of giving new life to a vacant building in the heart of Jeffersonville. It’s also important to provide more affordable housing for seniors in convenient locations. M. Fine’s is ideal for seniors, who want to live, work and shop nearby.”
The surrounding area is being redeveloped as part of the community’s Gateway Project with an arts and cultural district, green space, outdoor games, food and entertainment.
About New Hope Services
Based in Jeffersonville, Indiana, New Hope Services has a rich history of meeting human services needs for the past 59 years. It is one of the largest and most successful nonprofit organizations in the region with services in 20 counties across Indiana.
New Hope’s focus is in three primary divisions: Adult Services, Family Services, and Housing & Community Development. Clients include families, seniors, and adults with developmental disabilities. With about 170 employees, the organization serves more than 14,000 individuals and families annually. For more information, please call Jayne Labes above, email at email@example.com or go to www.newhopeservices.org.