INDIANAPOLIS – Intend Indiana’s Edge Fund financed two BridgeSmart loans in 2025, supporting affordable housing developments in Loogootee and South Bend. BridgeSmart is a loan product offered through Edge Fund, a certified Community Development Financial Institution (CDFI), that complements Low Income Housing Tax Credit (LIHTC) developments by providing flexible financing that fills capital gaps not addressed by tax credits or senior debt, supporting projects as they move toward construction and long-term affordability.
The BridgeSmart loans support developers completing their first LIHTC development projects in Indiana. In Loogootee, JBH Ventures is advancing Oak Street Village, bringing new housing and a dedicated childcare component to Martin County. In South Bend, Delta Ventures is moving forward with The Monreaux in the Monroe Park neighborhood, adding a mix of unit types and affordability levels to support neighborhood revitalization. Together, these projects underscore the importance of pairing flexible financing with local development partners committed to delivering high-quality housing that meets community needs.
“These developments represent real progress for communities and for the partners doing the work,” said Intend Indiana President Stephanie Quick. “It’s exciting to see Edge Fund play a role in expanding affordable housing options for families in Loogootee and South Bend. We’re proud to partner with developers who are committed to building quality housing that remains affordable over the long term.”
BridgeSmart financing supported:
- Oak Street Village (Loogootee, IN): Oak Street Village is a 50-unit affordable housing development led by JBH Ventures, a minority-owned, emerging developer completing its first project of this kind. The community will offer one- to three-bedroom units for households earning 30% to 60% of the area median income. The development also includes a standalone public daycare center, expected to add 60 new childcare seats in Martin County, with additional resident-focused programming under consideration. BridgeSmart financing support for this project is provided through Merchants Bank of Indiana via the Federal Home Loan Bank CDFI Rate Buydown Program.
- The Monreaux (South Bend, IN): The Monreaux is a 57-unit development located in South Bend’s Monroe Park neighborhood and developed by Delta Ventures, a woman-led and minority-owned developer completing its first project of this kind. The development will include studios and one- to three-bedroom units available for households earning 30% to 80% of the area median income, supporting neighborhood revitalization efforts. BridgeSmart financing support for this project is provided through the Regional Housing Collaborative in partnership with the Community Foundation of St. Joseph County.
Intend Indiana partners with community-based organizations, nonprofits, foundations, banks, and state and local governments to leverage resources and deliver impactful programs designed to meet the needs of communities across the state. For more information about Intend Indiana and Edge Fund, visit intendindiana.org.
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Media Contact:
Kierra Santillan
Herd Strategies
kierra@herdstrategies.com
About Intend Indiana:
Intend Indiana, Inc. (Intend) is a nonprofit that connects people to opportunity and advances collaborative community development through equitable financing and housing solutions. Incorporated in 1987 to serve the near northside neighborhoods of Indianapolis, Intend has grown to provide community solutions across the state.