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.
Residential Real Estate
Articles
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
Fishers looks to lower bar for HOAs to make changes
The Fishers City Council is considering an ordinance that would make it easier for new homeowners associations in the city to make changes to covenants and restrictions.
Epcon Communities planning 150-home development in Zionsville
The Courtyards of Russell Oaks would be built on 97 acres along Russell Lake and be targeted at empty-nesters.
Sales of existing homes sink 31% in central Indiana
Despite the decline in sales, median prices for homes sold in the 16-county area rose 11% in January on a year-over-year basis, according to the latest monthly data from the MIBOR Realtor Association.
Apartment growth supports surge in downtown Indianapolis living
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
FBI searching Pence home as part of classified documents probe
The search Friday was described as consensual and came after an extensive back-and-forth between former Vice President Mike Pence’s legal team and the FBI.
All-cash home purchases on the increase nationwide
The share of homes bought without mortgages in the United States is now at levels not seen since 2014, when the housing market was on the rebound after the foreclosure crisis and the Great Recession.
Indiana residential property tax relief bill draws opposition from schools, local officials
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
Bad-landlords measure gets unanimous Senate committee support
A measure allowing utility companies to ask courts to appoint receivers over certain landlords behind on their utility bills passed unanimously out of an Indiana Senate committee Thursday.
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.
State selects five Indy-area low-income housing projects for tax credits
The projects in Anderson, Indianapolis and Noblesville were among 17 statewide to be awarded Low Income Housing Tax Credits, totaling more than $180 million in value over 10 years.
Area homebuilders hope for better year after 2022 slump
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
Lawmakers advance measure to create fund for housing infrastructure
The bill’s author—a homebuilder—says the fund would be a tool for Indiana communities to provide infrastructure for their housing needs, especially workforce housing.
Local firm plans affordable apartments on east side near Blue Line route
The project would occupy a vacant 1.5-acre parcel next to the former LoBill grocery store that is now home to the Marion County Board of Elections headquarters.
Central Indiana sees 10.2% decline in existing-home sales in 2022
Sales of existing homes in the area have now fallen on a year-over-year basis for the past 11 months and have seen double-digit percentage decreases for six straight months.
City to spend $4.5M on program to raise Black homeownership
The Vacant to Vibrant initiative, announced Tuesday, will utilize about 100 lots in several neighborhoods that have fallen into disrepair and are held in the city’s land bank.
Duke’s $29M transmission-line plan to spare trail trees in Westfield
The multiyear project will include installation of two new 69-kilovolt electric transmission lines to serve fast-growing Noblesville and Westfield.
Developer reveals details for downtown mixed-use project south of revamped Stutz campus
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
Prolific homebuilder Paul Estridge Jr. dies at 65
A lung transplant recipient in November 2020, Estridge contracted a lung infection in recent days that his family said he could not overcome.