| 1941
Construction of Munsyanna Homes was
completed
|
| 1996 |
| July |
HUD designates Munsyanna
Homes as the most distressed housing development
in Indiana. |
| Sept 16 |
The MHA Board gives Offer of Sale
to the resident council, and asks HUD to grant
them dollars to demolish Munsyanna
Homes. |
| 1997 |
| April 7 |
HUD approves a partial demolition
(105 of the 279 units) for Munsyanna Homes, but
no money came with the approval. |
| 2000 |
| May 18 |
MHA applies for a Hope VI
grant, but gets denied |
| 2001 |
| Jan 22 |
Board approves a tax credit
submission for Millennium Place I |
| Mar 26 |
Millennium Place I application
submitted to IHFA |
| June 7 |
Millennium Place I awarded tax
credits (30 units) |
| October |
MHA applies for a Hope VI
grant, but gets denied a second
time |
| November |
Demolition Ceremony for Phase I
(108 units demolished) |
| 2002 |
| Mar 31 |
Demolition of the first 108 units
complete |
| Apr 26 |
HUD approves Sole Source
Procurement for F&C for Millennium Place
I |
| June 3 |
MHA Infrastructure Contracts
begin for Phase I |
| June 3 |
RFQ goes out for a HOPE VI Master
Developer |
| June 20 |
Flaherty & Collins responds
to Master Developer RFQ |
| July 1 |
Flaherty & Collins
Procured to be Master Developer for HOPE
VI |
| October |
Infrastructure of Phase – I
completed |
| Nov 8 |
Millennium Place I
construction begins |
| December |
MHA applies for a Hope VI
grant for a third time |
| 2003 |
| Mar 14, |
Millennium Place I closes on
financing |
| Mar 19 |
Hope VI grant gets
awarded - $12,352,941 |
| Apr 25 |
Effective Date Grant Agreement –
HOPE VI Grant |
| Apr 25 |
Demolition & Relocation
Approval from HUD |
| June 30 |
Millennium Place I
delivers its first 5 units |
| July 11 |
Millennium Place II LIHTC
Application Submission |
| July 11 |
Howard Square LIHTC Application
Submission |
| July 31 |
Millennium Place I delivers
another 5 units |
| Aug 31 |
Millennium Place I delivers
another 2 units |
| Sept 31 |
Millennium Place I delivers
another 4 units |
| Oct 24 |
Millennium Place II - Award of
LIHTC Allocation (55 units) |
| Oct 24 |
Howard Square - Award of LIHTC
Allocation (30 units) |
| Oct 30 |
Millennium Place I delivers
another 1 unit |
| Nov 30 |
Millennium Place I delivers
another 4 units |
| Dec 30 |
Millennium Place I delivers
another 9 units |
| Dec 31 |
Millennium Place I - all
30 units are “Placed in Service” and leased-up,
therefore meeting all of its
goals. |
| 2004 |
| Feb 12 |
HUD approval of
Revitalization Plan |
| Mar 15 |
Passage Way funded - transitional
housing (10 units) |
| Mar 19 |
Millennium Place III LIHTC
Application Submission |
| June 17 |
Millennium Place III Award of
LIHTC Allocation (35 units) |
| June 30 |
Relocation Completed |
| July 1 |
Howard Square closed on
financing |
| Nov 30 |
Passage Way is “Place in
Service” – all 10 units |
| Nov 30 |
Abatement & Demolition of
public housing all completed |
| Nov 15 |
Millennium Place I wins the
Indiana Apartment Associations Prodigy Award as
the Best Apartment Community Designed for
Government Designed Housing. |
| Dec 6 |
Millennium Place II Evidentiary
Submission to HUD |
| 2005 |
| Feb 25 |
Millennium Place IV LIHTC
Application Submission |
| April 22 |
Millennium Place II closed on
financing |
| May 26 |
Millennium Place IV Award of
LIHTC Allocation (40 Units) |
| May 30 |
Howard Square is “Placed
in Service” – all 30 units |
| June 10 |
Millennium Place & Howard
Square are featured in the nationally recognized
Affordable Housing Finance magazine |
| Aug 19 |
Millennium Place III Rental Term
Sheet submitted |
| Sept 19 |
Millennium Place III Evidentiary
Submission |
| Oct 25 |
Howard Square wins the Indiana
Apartment Associations Prodigy Award for the
best Affordable Apartment Community Designed for
seniors in the state of Indiana |
| Dec 9 |
Federal Home Loan Bank grants
$352,000 for the HOPE VI Home Ownership Program
(22 units). |
| Dec 14 |
The Federal Home Loan Bank hosted
a Christmas Party for the seniors at Howard
Square, as well as for the children at Passage
Way. These will be featured in their annual
funding report. |
| Dec 15 |
Millennium Place II is
all “Placed in Service” – all 55
units |
| Dec 15 |
Howard Square is 100%
occupied. |
| Dec 31 |
Millennium Place II has
leased up 20 of the 55 units, thus meeting its
year-end leasing goals |
| 2006 |
| Jan 5 |
Millennium Place III closed on
financing (35 units) |
| 2006 |
Projections |
| Mar |
Home Ownership closing (22
units) |
| Apr |
Millennium Place IV closing (40
units) |
| Apr |
Millennium Place II 100%
occupied |
| Dec |
Millennium Place III all
35 units “Place in Service” and 100%
leased |
| Dec |
Millennium Place IV all
40 units “Place in Service,” if HUD can keep up
with the schedule. |
| Dec |
Home Ownership sales 15
by end of
year |
