After a decade, Central@29 housing project appears on track
The $18.1 million, 56-unit project is planned for the southeast corner of Central and East 29th streets in Fall Creek.
Housing
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Indianapolis company sees significant opportunity in modular housing
Volumod sees modular housing as one way to tackle Indiana’s affordable housing shortage.
US economy sending mixed signals: Here’s what it all means
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.
CVS Health puts $10M behind Indy supportive housing project
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 move revolving fund for housing forward without price tag
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.
First Internet Bank to exit consumer mortgage business
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.
Local developers, officials look for solutions to fill affordable housing gap
About 81,500 households in Marion County alone are classified as “cost-burdened,” meaning they spend more than 30% of their income on housing.
Legal help kiosks being deployed across state to aid households facing eviction, foreclosure
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.
Task force recommends crackdown on bad landlords, more funding to ease housing woes
An interim study committee examining solutions to Indiana’s housing crisis on Thursday approved a lengthy list of recommendations for future legislation.
Three transit-oriented projects in line for city financing incentives
The Indianapolis City-County Council and Metropolitan and Economic Development Committee are considering tax-increment financing for three apartment developments that prioritize access to transit.
What’s next for IndyRent as federal funding fades away?
At its peak, the rent-assistance program doled out $7 million in a month. That rate is impossible post-pandemic, so the city must decide how much eviction-prevention assistance is possible.
Platinum Properties planning to build 65 townhouses in Whitestown
Ellis Acres would be built on 10 acres on the southwest side of the intersection of County Road 750 South and Indianapolis Road near the interchange of Interstates 65 and 865.
$13.1 million awarded to help Hoosiers with eviction legal services
Lt. Gov. Suzanne Crouch and The Indiana Housing and Community Development Authority on Tuesday announced a new partnership with the Indiana Bar Foundation to provide legal services for Hoosiers facing eviction.
Two local apartment projects land $55M in affordable housing credits, bonds
The Low-Income Housing Tax Credit program, in conjunction with the Multifamily Tax Exempt Bonds, are used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.
Task force to examine building rules in effort to drop state’s housing costs
The 13-member body approved by the Legislature in March is tasked with addressing Indiana’s affordable housing shortage.
Not-for-profit to build women’s recovery housing on west side
The Indianapolis facility is expected to provide housing and support for up to 11 women who will live with their children.
Indiana shows no progress in easing low-income housing shortage, report reveals
There are just 38 affordable units available to every 100 Indiana renters making 30% or less of the area media income, according to the report by the National Low Income Housing Coalition and Prosperity Indiana.
Study finds housing costs detrimental to Hamilton County workforce needs
A family earning $97,920 can afford only 28% of new homes in Hamilton County and 12% of current listings, according to the study.
Citizens Energy teams with city, state leaders to announce lawsuits aimed at ‘bad actor’ apartment owners
The landlords are many months and more than $2 million behind on utility bills, putting more than a thousand households at risk of homelessness should Citizens Energy Group cut utility services to the complexes.
Citizens Energy sues apartment complexes for $1.3M in unpaid bills
The lawsuit also alleges that the owners of the complexes defrauded both Citizens Energy Group and residents by collecting payments that the owners said would go to utilities—but didn’t.