Q&A with Isaac Bamgbose: ‘There’s definitely a need and a niche in the market that isn’t being met’
His New City Development firm’s first major project, announced in 2022, is a $300 million, 125-acre development called Hobbs Station in Plainfield.
Housing
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Q&A with Onyx+East CEO Kelli Lawrence on embracing unique housing types
Onyx+East, which was spun off in 2016 from Indianapolis-based Milhaus Development LLC, got its footing in downtown Indianapolis, and Lawrence has led the company as it has put a focus on the suburbs.
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IBJ Podcast: Pete the Planner on Trump’s second term, rising inflation and the impact of the LA wildfires on housing
IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.
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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.
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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.
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Articles
Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
Senate axes public camping ban language, citing relevancy rule
Indiana’s proposed public camping ban, which originated with a Texas-based think tank, has now died twice this legislative session.
Homebuilder planning 326 new houses in two Noblesville developments
Plans for communities proposed by M/I Homes of Indiana called MontClaire and Bending Branch were presented to members of the Noblesville City Council this week.
UPDATE: Senate dissents, sends public camping ban bill to conference committee
More than a dozen Senate Republicans joined Democrats in voting against the legislation, which makes camping on public property a Class C misdemeanor.
Indiana lawmakers revive controversial public camping ban
Language similar to House Bill 1662, which died earlier this legislative session, was amended into a seemingly unrelated bill, raising concerns from Democrats and advocates for the homeless.
Fair housing groups sue over DOGE cuts that hit Indianapolis nonprofit
The Fair Housing Center of Central Indiana, which says it lost an estimated $30,000 in federal funding, could soon be represented by a lawsuit filed in Massachusetts.
MIBOR opposes Fishers plan to cap single-family rentals in city
Chris Pryor, chief advocacy officer for the MIBOR Realtor Association, said organization leadership is concerned that the proposed ordinance would restrict property rights, limit housing options in Fishers and interfere with the free market.
Homebuilder preparing for town house project near Nickel Plate Trail in Fishers
Nickel Row will consist of 35 town houses along the Nickel Plate Trail, south of East 116th Street.
‘I’m no stranger to hard work’: New CEO takes helm of Indianapolis Housing Agency
The troubled housing agency’s new chief executive is credited with leading two public housing agencies out of scandal and federal receivership.
Analysis: Some Indiana homeowners disproportionately burdened with property taxes
As Indiana’s Legislature continues to debate statewide property tax reform, new data show that homeowners have taken on an unfair share of property taxes.
HUD cuts expected to worsen America’s housing crisis, staffers say
HUD’s entire workforce is projected to drop by about half—from about 8,300 employees to just over 4,000—with deep cuts in field offices nationwide.
US existing-home sales drop back again with mortgage rates at 7%
The drop in sales comes after the longest stretch of gains since late 2021, which offered some hope that home buyers and sellers were getting used to high mortgage rates.
Home developer Onyx+East requests abatement for $17.5M project along Monon
The $17.5 million project, known as Monon 21, is expected to bring townhomes and single-family dwellings to the 3.5-acre site at 2060 Yandes St.
Public camping ban passes key legislative deadline despite law enforcement concerns
A lobbyist for the Indiana Sheriffs’ Association testified House Bill 1662 could put additional strain on already-crowded county jails.
Cities seek limits as out-of-state investment firms gobble up homes
Communities across central Indiana are taking notice as out-of-state investment companies continue to increase their market share of single-family houses and convert them to rentals.
Lennar seeks to build active-adult subdivision with 360 houses in rural Whitestown
Plans call for Cardinal Estates to be built on 170 acres south of the Golf Club of Indiana.
Housing advocacy groups see hope in bipartisan evictions legislation
Advocates say the legislation will help reduce the harm eviction filings can have on renters seeking housing, particularly in Marion County where the eviction rate is high.
‘Squatter’ bill, harm reduction policies bring advocates to Indiana Statehouse
Some advocates warn Senate Bill 157—which would require police to remove “squatters” within 48 hours—would allow landlords to skip the court, chipping away at tenants’ rights.
Indiana House Republicans’ agenda includes effort to absorb disgruntled Illinois counties
House Republicans also introduced a slew of bills addressing trademark issues such as education, housing and health care.