Indianapolis-area home construction permit filings surge 30%
August’s jump in filings was aided by big increases in Marion, Hamilton, Hendricks and Boone counties.
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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.
Central Indiana existing-home sales fall for 19th straight month
Existing homes in the 16-county area are spending much more time on the market than a year ago, from an average of 22 days in August 2022 to 31 days last month.
Pilot program aims to give relief to Riverside property taxpayers
The Indianapolis City-County Council approved a proposal on Monday creating the Riverside district and a tax credit for longtime homeowners in the neighborhood who are over the age of 55.
IBJ Podcast: The story behind Peterman’s wild growth across Indiana since brothers took over
Pete Peterman couldn’t have imagined how much and how fast the company would grow under the new generation, which had a strategy that required a fundamental change in the business.
Apartments planned for former bar site near Lucas Oil Stadium
A Greenfield-based developer plans to demolish the former Stadium Tavern to make way for a four-story apartment building.
City issues RFP for redevelopment of Drake apartment property
The request for proposals requires bids to include an offer of more than $1 million for the property and to fulfill federal Community Development Block Grant parameters
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.
Area homebuilders see first increase in permit filings since 2021
Six of the area’s nine counties had rising single-family building permit numbers last month, with big increases seen in Hendricks, Madison and Morgan counties.
Indiana attorney general leading tenants-protection movement
Republican state lawmakers have long resisted taking up legislation strengthening tenants’ legal rights, making Todd Rokita an outlier at the state level—but a possible ally for advocates who’ve struggled to advance such changes.
Central Indiana existing-home sales fall for 18th straight month
The amount of time homes are spending on the market in the Indianapolis area has almost doubled compared with a year ago, but median sales prices are still on the rise.
Developers plan affordability-minded $25M apartments along Monon Trail
The development partners, operating as DJ BCG Monon 22 LLC, have the land under contract from the Indianapolis Neighborhood Housing Partnership, which acquired the site in February 2022 for $2.25 million.
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.
‘Good Bones’ series to end after new season, co-star announces
The eighth and final season of Indianapolis-based home renovation series “Good Bones” is scheduled to debut Aug. 15 on HGTV.
Developers revise plan for controversial $61M residential project north of Broad Ripple
The owners of Willows Event Center on Spirit Lake are reviving efforts to redevelop the site with apartments and townhouses, almost a year after withdrawing their proposal amid pushback from neighbors.
Some renters might get relief from biggest apartment construction boom in decades
Some economists project U.S. rents will be down modestly this year after soaring nearly 25% over the past four years, but the trend will likely be little comfort for many U.S. renters.
Area home construction permit filings down only slightly in June
The Indianapolis area might be showing signs of emerging from a single-family construction slump that began early last year.
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.
East-side community developer eyes $14.7M project near Wheeler facility
The residential project stemmed from a desire to meet the needs of families in a new way, according to Englewood Community Development Corp. Executive Director Joe Bowling.