The measure had been tabled at the last City Council meeting, as some members wanted to see a list of contractors TWG had engaged with to see if there were any of local origin. TWG was not able to provide such a list at the meeting, resulting in the measure being tabled, but provided council members with the list last week, which facilitated Wednesday’s special meeting.
TWG will transfer $35,000 into the new affordable housing fund that was created at the same City Council meeting. Every year, it will pay 3% more of the original total to the fund. The fund would go toward blight reduction and to fixing infrastructure in condemned and poor neighborhoods. On Tuesday, Terre Haute Mayor Brandon Sakbun issued a statement encouraging the City Council approve the PILOT agreement between the city and TWG Development.
“The city of Terre Haute will work together with TWG Development Group on this development project to address the need for more available and stable housing options,” Sakbun wrote. “TWG received $1.2 million in Affordable & Workforce Housing Tax Credits, made available through the Indiana Housing and Community Development Authority, to fund the housing development.”
Wabash Place Apartments’ 120 apartment units, a $39 million project, will be a mix of one, two and three-bedroom options. Rents will be capped out at 30% of a tenant’s income.
Marisa Konaster, TWG Development’s senior development director, told the council that instead of halting the affordable housing rate when its PILOT program ends in 15 years, the company will extend the low rents for a total of 40 years. Were TWG to sell the property after the PILOT program ends, the new buyer would have to continue the affordable element for the remainder of those 40 years.
The special meeting was called in order to meet TWG’s state deadlines for receiving income tax credits, Konaster explained. Councilwoman Tammy Boland told Konaster that she had contacted local contractors on TWG’s list, and that a couple had told her they had not bid on the project or downloaded its plans from the TWG website. She also pointed out a pair of glitches on the resolution which were described as scrivener’s errors.
The final vote was 6-1, with Boland voting no. Cheryl Loudermilk and Jim Chalos were absent from the meeting.
The next meeting will be a committee discussion of the Planning, Zoning, Improvements Committee to amend the City Code’s Chapter 10 concerning the creation of a commission to name Historic Preservation Districts in the city. The meeting is set for 5:30 p.m. Monday. The council referred the ordinance creating that commission to the Planning, Zoning, Improvements Committee at its last meeting.
The next regular meeting of the City Council will be at 6 p.m. Aug. 7.
© 2025 Community Newspaper Holdings, Inc.