Plainfield’s housing apartment community secures $10 million construction loan

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Merchants Capital has provided $10 million in financing for the construction of Haven Homes, a 52-unit affordable and supportive housing apartment community coming to Plainfield.

Through the partnership between borrower RealAmerica Companies and Sheltering Wings, a non-profit that provides emergency housing for survivors escaping abuse, 25% of the affordable apartment units are allocated for project-based vouchers specifically for survivors of domestic violence.

Additionally, all residents will have access to supportive services in the community resource center and clubhouse, with mental health services provided by Cummins Behavioral Health Systems and domestic abuse support provided by Sheltering Wings.

Construction is expected to be completed by fall 2021.

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