Bloomington Housing Authority partners with developer to turn Kohr into affordable housing

The company is working with local partners including the Bloomington Housing Authority and expects to find out in a matter of days whether it can obtain a critical piece of financing.

If the partners can obtain the nearly $11 million in Low Income Housing Tax Credits they need for the $18.6 million project, they hope to begin construction in summer 2024 with a completion time around spring 2025.

Karly Brinla, Brinshore’s vice president and development manager, said the project is unique for reasons including the financing, the parties involved, the Kohr’s architecture and location as an anchor of the city’s Hopewell neighborhood.

“I think it’s a really cool building,” she said last week.