Overview

Village Premier is a mixed-income and mixed-use development that will transform approximately 20 acres in the Southeast Quadrant of Fort Wayne into a vibrant, walkable neighborhood. The project consists of three phases: Phase I consists of 208 workforce housing units utilizing the 4% Bond Rental Housing Tax Credit program which will target individuals/households making between 50%-60% of the Area Median Income, and approximately 30 for-sale single-family and/or townhomes. Phases II and III include approximately 65 senior affordable housing units through the 9% Rental Housing Tax Credit competitive application serving individuals making between 30%-60% of the Area Median Income, and approximately 30,000 square feet of commercial which will potentially include a healthcare clinic, daycare, and various other commercial retail offerings including coffee shop, restaurants, etc. READI funds will primarily be used to construct the affordable units. READI funds will also be used for landscaping, site excavation, sewer, concrete, and roadway paving. The project is expected to start in October 2021 and be completed by October 2025. Availability of a skilled workforce is a top concern identified in Allen County’s 2021 economic development plan, while increasing the housing supply is a fundamental aspect of population growth. Increasing the supply of affordable housing must occur for the region to continue to attract and retain major employers and expand employment opportunities.