ATLANTA, GA / ACCESSWIRE / December 28, 2023 / In 1995, The Millennia Companies (Millennia) embarked on a mission to create positive change and opportunities for families across the United States through affordable housing. Since its conception, Millennia has been dedicated to improving the lives and living conditions of those living in historically-neglected, low-income housing by transforming communities through substantial renovations and community services. More than two and a half decades later, the impact of Millennia's transformative initiatives is exemplified in the Villages of Hanna, a testament to the company's commitment to rejuvenating communities and providing housing solutions for families of all income levels.

A Vision Realized

Millennia's expansive portfolio encompasses more than 275 multifamily residential communities in 26 states, with over 100 apartment developments undergoing transformative rehabilitations. Among these, a Millennia executive noted that The Villages of Hanna stands out as an example of the company's dedication to creating vibrant, comfortable living spaces for diverse communities.

Villages of Hanna: A Renewed Haven

The Villages of Hanna, nestled in the heart of Fort Wayne, Indiana, has undergone a remarkable transformation. With a total project budget of $17.5 million, the community has been redesigned to offer spacious one, two, and three-bedroom apartment homes, carefully crafted with the comfort and convenience of residents in mind.

Modern Amenities for Modern Living

The revitalization efforts at the Villages of Hanna extend beyond aesthetics to include a host of modern amenities. Residents now enjoy newly renovated units, on-site laundry facilities, an exercise room, a playground for children, and a community room for events. These additions not only enhance the quality of life for current residents but also contribute to fostering a sense of community within the Villages of Hanna.

Ideal Location for City Living

Strategically situated, the Villages of Hanna offer the benefits of community living while being just minutes away from downtown Fort Wayne. Residents have easy access to the best the area has to offer, including proximity to Glenbrook Mall, Indiana Tech College, shopping districts, the Fort Wayne Children's Zoo, and various family-friendly sites.

Inclusivity through Income Eligibility

A Millennia executive emphasized, "A key aspect of the Villages of Hanna's transformation lies in its commitment to inclusivity." The community participates in the rental assistance program in Fort Wayne, ensuring that households earning up to specified income limits are eligible for units. The Low-Income Housing Tax Credit (LIHTC) program has played a pivotal role in making housing affordable for lower-income households. Units set aside for this purpose have rents capped at a maximum of 30% of the set-aside area median income, adjusted for unit size.

A Model for Transformative Revitalization

The story of the Villages of Hanna serves as a compelling case study in community revitalization. Millennia's commitment to providing housing opportunities for families of all income levels, coupled with strategic planning and thoughtful execution, has resulted in a community that not only meets residents' basic needs but also fosters a sense of belonging and pride. As the Villages of Hanna continue to thrive, it stands as a model for transformative revitalization.

Villages of Hanna Before Revitalization

Villages of Hanna After Revitalization

CONTACT:

Andrew Mitchell
media@cambridgeglobal.com

SOURCE: Cambridge Global

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