Affordable housing is coming to Indy’s southside with the opening of the City Heights Apartment Homes just south of the I-465 and US 31 interchange.

The project opened Aug. 12 with 200 units, all reserved for people who earn 60% or less of the area’s median income. One, two and three-bedroom apartments are available now for rent starting at $1,000 a month.

The development will serve households earning up to $77,100 per year, said Brandon Delk, senior vice president of development for Pedcor Investments, which oversaw the development and partnered with AETNA CVS Health and the city on the project.

The complex cost between $69-74 million to construct, Delk told IndyStar.

CVS Health invested about $6.1 million in the project through a tax credit fund. Keli Savage, head of impact investmen

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