FORT WAYNE, Ind. Oct. 30, 2025 – The Glick Company preserved 203 affordable apartment homes for seniors and people with disabilities at Edsall House through a $8.56 million renovation, investing more than $42,000 per unit. This public-private partnership helps to ensure these one-bedroom apartment homes are affordable, high-quality, and safe places to call home for decades to come. Indiana Housing and Community Development Authority (IHCDA) awarded the project an allocation of Tax-Exempt Bonds in conjunction with 4% Low-Income Housing Tax Credits (LIHTC) and Affordable & Workforce Housing Tax Credits (AWHTC).

Built by Glick in 1977, Edsall House is a federally subsidized apartment community in Fort Wayne. Each apartment home received the following updates:

● Kitchen upgrades, including new cabinets, countertops, and appliances

● Bathroom upgrades, including new cabinets, vanities, countertops, and bathtubs

● New LVT flooring through the entry, kitchen, bath, and dining areas

● Electrical updates, including light fixtures

● New interior doors, windows & window treatments, and Packaged Terminal Air Conditioners (PTAC)

Twenty-one of the 203 units were adapted to meet current ADA standards, including the removal and reconfiguration of entries, walls, and utilities. Additionally, the broader apartment community received new roofs, building awnings, entry and corridor handrails, a dog park, ADA building entry door controls, updated community and laundry rooms, and more.

Indiana has a shortage of 137,427 rental homes that are available and affordable for extremely low-income renters, according to the National Low Income Housing Coalition. In Allen County, 44% of renters are housing cost burdened, spending more than 30% of household income on rent and utilities, according to the U.S. Census Bureau. Over the next 10 years, Allen County risks losing 1,011 federally assisted homes due to expiring affordability restrictions.

“Programs like Indiana’s Affordable & Workforce Housing Tax Credits make it possible to reinvest in aging apartment communities to ensure places like Edsall House are quality, affordable places to call home for the next 30+ years,” said David Barrett, chairman, president, and CEO of the Glick Company. “We applaud the Indiana General Assembly for creating a program that helps to ensure seniors can age in place and people with disabilities have a safe, affordable place to call home near transit, healthcare, and other essential services.”

The Indiana General Assembly authorized the AWHTC program in 2022 to invest in the development and preservation of affordable housing throughout the state. Initially authorized for a five-year period, the program will generate $30 million in Indiana state tax credits each year to be allocated to developers for affordable housing. To date, the AWHTC program has funded more than 2,000 places to call home for Hoosiers across Indiana.

“Today’s investment not only benefits existing residents, but also residents who will call places like Edsall House home for the next 30+ years and the surrounding communities,” said Erika Scott, president of the Indiana Affordable Housing Council (IAHC)’s board of directors. “The rehabilitation of Edsall House would not have been possible without the efforts of elected officials in the Indiana General Assembly to support the AWHTC program in partnership with the IAHC. We are excited to see the program accomplishing its intended goals throughout the state.”

CRG Residential accelerated the construction timeline and minimized the impact on residents using its “Rapid Rehab” model, where they complete each home in two to three days. The equity purchase, permanent, and construction financing were all arranged by Merchants Capital Corp.

About Gene B. Glick Company

The Glick Company, based in Indianapolis, is one of the largest privately held real estate ownership, development, and management firms in the country with more than 22,000 multifamily units across 13 states. For more than 75 years, Glick has built value for people and places by investing in team members, residents, and the communities they serve. For more information, visit genebglick.com.