Acorn Acres is a 358-unit mixed-income housing community located on the east side of Lafayette, IN, in a residential area that offers convenient access to everyday services, employment nodes, and regional transportation routes. The property benefits from proximity to neighborhood retail, grocery, dining, and healthcare options, while also maintaining connectivity to the broader Lafayette–West Lafayette area. Its location provides access to major thoroughfares providing easy access to area amenities and local commuting.

More broadly, the Lafayette market is supported by a diverse economic base anchored by Purdue University, healthcare, manufacturing, and distribution, which helps underpin apartment demand across the area.

The property currently has two Housing Assistance Payment (HAP) Contracts in place. The Phase I HAP Contract has an effective beginning date of June 1, 2025, provides assistance for 20 Units and runs for a term of 20 years. The Phase IV HAP Contract has an effective beginning date of April 1, 2023, provides assistance for 148 Units and also runs for a term of 20 years from the effective date. In addition, the property has no prior LIHTC allocation and is located within a Qualified Census Tract (QCT), positioning the asset for immediate resyndication and making it particularly attractive to LIHTC developers.