IHCDA Celebrates 30 Years of LIHTC Program, Misty Glen Apartments in Hebron


HEBRON, IND. –  The Indiana Housing and Community Development Authority (IHCDA) joined local and state officials earlier today at Misty Glen Apartments in Hebron to bring greater awareness to the Low-Income Housing Tax Credit (LIHTC) program. At the event, organized to celebrate the 30-year anniversary of the LIHTC program, representatives from the development team shared the importance of the property of providing affordable housing and support services.

“LIHTC is the most important tool we have for creating affordable housing in our state,” said Jacob Sipe, Executive Director of the IHCDA. “Misty Glen is a prime example of how LIHTC can help support and leverage other public as well as private funds to provide affordable housing.”


Developed and managed by Flaherty & Collins Properties, Misty Glen Apartments offers 80 one, two and three bedroom apartment homes that are safe and affordable. Located in Hebron, the apartments are just minutes away from neighboring Valparaiso.


“On behalf of Misty Glen, Flaherty & Collins Properties is pleased to be a part of the celebration of 30 years of the Low-Income Housing Tax Credit Program,” said Jill Herron, Senior Vice President of Management for Flaherty & Collins Properties. “For 30 years, the IHCDA has made a tremendous impact in cities, towns and communities throughout Indiana with the LIHTC program.”

The LIHTC program is administered in Indiana by IHCDA. The program is also referred to as the Rental Housing Tax Credit (RHTC) program. Since its inception in 1986, it has helped to develop and preserve over 50,000 units of affordable housing in the United States. This has resulted in an estimated $2.22 billion in local income and $5.64 billion in tax revenue.

IHCDA has plans to travel to several other tax credit properties this fall to celebrate the 30-year anniversary of the LIHTC program which is October 22, 2016.


Flaherty & Collins Properties Raises over $3,700, Donates Goods to Mozel Sanders Foundation


Today, the Flaherty & Collins Properties team held it’s annual fundraiser in support of the Mozel Sanders Foundation Thanksgiving Day campaign. Through the efforts of its nearly 450 employees, F&C raised $3,794.71.


This year, Flaherty & Collins Properties held a Pie Eating Contest and Bake-Off event on
to serve as the basis of a donation to the Mozel Sanders Foundation in support of the foundation’s annual Thanksgiving Day campaign. 
Participants were from all over our department areas: Grante Manning (Accounting), Andrew Moster (IT, KSMC Consulting), Ida McCombs (HR), Brandon Prince (Intern), Brian Moore (Marketing & Communications), Amber Woods Maintenance Team, Kim Whitaker (Compliance), Chris Kirles (Construction).
Marketing & Communications Director, Brian Moore, celebrated his win with a tasty medal (he’d had enough pie!).
Next, we held a bake-off auction, led by our esteemed resident auctioneer, Gavin Greene. Lisa Thomas’ (Accounting) cheesecake pulled in over $100 alone!
Construction President Chris Kirles enjoying a moment with RPM Alma Slash.
Flaherty & Collins Properties, which has donated to various areas of the Mozel Sanders Foundation for many years, had been collecting  non-perishable goods, personal hygiene products and household cleaning supplies over the past six weeks to help support Mozel Sanders’ efforts in this area during the holiday season and beyond.
Westlake (Indianapolis) donated the most goods – a full truckload!
Judges LaKeisha Jackson, Lynne Petersen and Stephanie Sanders were impressed with the baked goods and awarded trophies to our winners:
1st Place – Terry Corley (Accounting)


2nd Place – Bruce Mullen (Construction)


3rd Place – Ryan Cronk (well, his wife, Kelly)


The Foundation distributes more than 30,000 pounds of these items each month of the year.In 2014, over 2,000 volunteers served over 40,000 meals from 45 locations. In 2013, the average cost per meal was $4.50.
Flaherty & Collins President Jerry Collins and CEO David Flaherty presented a check to Stephanie Sanders of the Mozel Sanders Foundation. 


Many thanks to all who helped make it happen, and to the Indiana Apartment Association (IAA) for letting us hold the event indoors! And now, Jill Herron and her planning team are in a sugar-induced coma!


The Week Ahead

It’s an exciting a busy week around the Flaherty & Collins Properties offices this week.

If you’re in or around Muncie, be sure to stop by our booth and the Ball State University Cardinal Job Fair on Wednesday, September 16. The Fair runs from 11am-3pm at the Worthen Arena.

Our President, Jerry Collins and Senior Vice President, Jill Herron, were both on campus just last week to help celebrate the grand opening of the Weidner Center, home of the flourishing Residential Property Management (RPM) program. Ball State’s residential property management program began in 1999. Today it is one of only nine such university-based RPM programs in the country, offering undergraduate, graduate and online courses. Plans are underway to offer an introduction to commercial real estate management course in spring 2016.



Also this week, be on the lookout for the F&C Team at the 2015 Midwest Multifamily Conference, running Wednesday and Thursday in downtown Indianapolis. The F&C team should be visible in our retro-inspired Western t-shirts (be sure to check out our slogan). The President’s Dinner concludes the event, with the presentation of Prodigy Awards on Thursday night at the Indiana Roof Ballroom. Several Flaherty & Collins Properties are nominated for numerous awards, so we’ll be there in full force hoping to take home some hardware.


Last, but not least, is the exciting “River Days” – which just concluded this past weekend at The Landing in Mt. Vernon, Ind. River Days celebrates the history and heritage of Mt. Vernon and The Landing was in the middle of the fun, with a gorgeous weekend of celebrating. River Days includes a Children’s Pet Parade, a 5K run/walk, the River Days Parade, an art show, tow boat races and more.