Florence Fay School Senior Apartments is the redevelopment of a public school building to fill a need for affordable senior housing in Indianapolis’ Twin Aire neighborhood. The project will convert the vacant Florence Fay School into 73 rental units and is intended to kick off revitalization in the area.
The 65,203-square-foot school will be turned into 53 units while construction of a new 24,557-square-foot building will provide another 20. The studio, one-bedroom, and two-bedroom units are rent restricted and handicapped accessible or adaptable. Once complete, Florence Fay will include a fitness room, indoor shuffleboard court, and a butterfly garden, and Southeast Community Services will serve hot lunches daily in the restored gym.
IFF’s $900,000 in financing will help to cover predevelopment and acquisition costs. The developer, TWG Development, specializes in the adaptive reuse of vacant buildings as affordable housing for families and seniors.