Indiana awards communities $51M in housing infrastructure boost
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes.
Housing
-
IBJ Podcast: Inside the plan to extend life expectancy for residents of five Indy neighborhoods
The Indy Health District’s leaders want to find solutions for the issues weighing heaviest on these neighborhoods, including housing, transportation, land use, safety and food deserts.
Read More -
Ohio company expands ‘Courtyards’ offerings aimed at 55-plus in northern suburbs
The communities offer ranch-style houses with open floor plans ranging from about 1,500 to 4,000 square feet, individual private courtyards and two-car garages.
Read More -
McCordsville town center takes shape as community’s population, housing needs grow
Town leaders spent nearly 15 years planning McCord Square, which they envision as a town center for a community that needs a place to gather. Residents are beginning to move into two 111,000-square-foot, four-story apartment buildings called The Jackson and The Lucas.
Read More -
Indy’s corporate-philanthropic housing fund launches $10.5M fundraising effort
The campaign was announced during the unveiling ceremony for St. George Apartments, a 53-unit supportive housing complex on the near-north side of Indianapolis.
Read More
Articles
Analysis finds growing gap in Indiana’s housing affordability
The findings, from an annual report jointly published by the National Low Income Housing Coalition and Prosperity Indiana concluded that Indiana dropped from 43rd to 34th in terms of affordability between 2021 and 2024.
Supreme Court allows cities to enforce bans on homeless people sleeping outside
In a 6-3 decision, the high court reversed a ruling by a San Francisco-based appeals court that found outdoor sleeping bans amount to cruel and unusual punishment.
Deputy mayor to succeed Baird as leader of affordable housing group
Affordable housing executive Bruce Baird plans to retire as president and CEO of Rdoor Housing Corp. on July 12, the not-for-profit announced Monday.
Future of Indy’s eviction-fighting program unclear as funding ends
The Tenant Advocacy Project, launched in 2021, is one of the few tools city officials have to fight Indianapolis’ high frequency of evictions, and organizers want to see the program continue.
City, HUD take over management of troubled Indianapolis Housing Agency
The cooperative endeavor agreement signed by Indianapolis Mayor Joe Hogsett and U.S. Department of Housing and Urban Development Principal Deputy Assistant Secretary Richard Monocchio sets off a multi-year process of evaluation and reorganization of the agency.
Former grocery building now a high-end home
The building sits on land that Israel Traub, a German-Swiss immigrant, purchased in 1854 for a grocery store he opened in 1866, according to the St. Joseph Historic Neighborhood Association.
Demand continues to outpace supply, but sales volume increase is expected
Experts say this year will see a continuation of the same pattern that’s governed the market since before the pandemic—too many buyers chasing not enough listings—with higher interest rates complicating the picture.
‘Message received’ on call for housing task force as Indiana slips in affordability
In light of a new report finding Indiana’s housing affordability worsened over the last year, a group of advocates on Thursday called on Gov. Eric Holcomb to establish a dedicated task force, saying lawmakers haven’t done enough to solve the state’s housing crisis.
Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
The average rate on a 30-year mortgage rose to 6.66% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.
Indiana awards $557M for low-income housing in ‘historic’ investment
Together, the projects are expected to result in nearly 2,500 new housing units in the state.
Developers eyeing renters, not buyers, for new communities
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
Developer planning townhouse development on west side of Noblesville
Indianapolis-based Platinum Properties Management Co.’s plans call for the Westbrook townhouse community to be built on 19 acres on the northeast side of the intersection of Moontown Road and Castamere Drive.
City purchases land for low-barrier homeless shelter
The purchase consists of three parcels and was made in partnership with Indianapolis-based not-for-profit Rdoor Housing Corp. (formerly Merchants Affordable Housing Corp.), an affordable housing developer.
Developer planning 230 townhouse, apartment units near LEAP district in Lebanon
Paddock Place would bring the number of housing units planned to more than 700 near the future Eli Lilly and Co. manufacturing campus.
Haughville housing project, initially opposed by neighbors, moving forward with changes
Earlier this month, more than a dozen Haughville residents who live near the project held a press conference to express frustration with Buckingham Foundation’s decision to move forward with the project despite their misgivings.
Indianapolis-based developer seeking to build about 300 houses in Whitestown
Gradison Land Development Inc. is looking to build Windswept Farms on 160 acres south of the intersection of County Road 425 South and County Road 700 East.
PulteGroup, TWG plan 603-acre development in Noblesville with 1,930 residences
Noblesville Economic Development Director Andrew Murray told the council that the developers plan to invest $475 million in the project, which is expected to have a $700 million market value when completed.
White House rolls out measures aimed at increasing affordable housing
The White House also announced that it was forming an inter-agency task force to develop ways to fund efforts to convert more commercial buildings to residential housing, especially zero emissions and affordable units.
Henke Development planning 350-acre, nature-focused community in Zionsville
Single-family houses at Bradley Ridge would range in price from $1 million to $3 million, while townhouses would cost $800,000 to $850,000.