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.
Paddock Place would bring the number of housing units planned to more than 700 near the future Eli Lilly and Co. manufacturing campus.
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.
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.
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.
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.
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.
After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing.
Cities around the country are beginning to look at container units to address homelessness and increase housing supply.
The Fair Housing Center of Central Indiana and Indianapolis-based Rainbow Realty Group Inc. have announced a settlement in a legal fight over an allegedly predatory rent-to-own program.
Sixty-one percent of Hoosiers in extremely low-income households can’t find an affordable rental, instead spending more than half of their income on housing with little left for food or other necessities, according to a newly released analysis.
The $18.1 million, 56-unit project is planned for the southeast corner of Central and East 29th streets in Fall Creek.
Volumod sees modular housing as one way to tackle Indiana’s affordable housing shortage.
Here’s a closer look at the economy’s vital signs at a perplexing time of high interest rates, still-punishing inflation and surprisingly strong economic gains.
The $10 million infusion will help create a 48-unit affordable apartment complex for low-income families and homeless young adults on the near-east side called St. Lucas Lofts.
Lawmakers opted not the include an explicit price tag for a program designed to incentivize affordable housing construction throughout the state before passing the bill through the House Ways and Means Committee on Wednesday.
Fishers-based First Internet said the decline in the housing market and the sector’s negative outlook for the next few years prompted it to get out of the consumer mortgage business.
About 81,500 households in Marion County alone are classified as “cost-burdened,” meaning they spend more than 30% of their income on housing.
Because the grant money comes from COVID funding made available to keep individuals and families in their homes during the pandemic, the bar foundation’s kiosks will be required to focus solely on housing issues.
An interim study committee examining solutions to Indiana’s housing crisis on Thursday approved a lengthy list of recommendations for future legislation.
