The Lincoln Housing Project Faces Funding Hurdles | Fort Wayne News
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The Lincoln Housing Project Faces Funding Hurdles | Fort Wayne News
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New Haven’s biggest housing boom is underway with The Lincoln, a $55 million project set to deliver 240 apartments near Culver’s—complete with clubhouse and amenities. Developers Great Lakes Capital are racing to secure a $1.6M READI 2.0 grant, but financing hurdles loom: two lenders want primary lien status, forcing behind-the-scenes negotiations. Meanwhile, the Regional Development Authority is nearly tapped out from its first READI round, funding projects like Kendallville Restorations and Ossian North Housing. With all pieces still falling into place, this ambitious development awaits final approval before residents move in.
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