$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
Residential Real Estate
Articles
State dishes out $14M to landlords through rental assistance program
The $40 million program provides up to $500 a week for up to four weeks to renters whose income is lower than it was on March 6 due to the COVID-19 pandemic.
Housing industry groups consider challenging Trump’s anti-eviction order
Advocates for low-income families and other Americans struggling to afford their housing costs praised the Trump administration for its approach, which is broader than what Congress enacted earlier in the pandemic.
IBJ Podcast: Remodelers reveal what homeowners want in pandemic era
An architect, interior designer and design-build contractor discuss the sudden shift in priorities for the home, how much projects can cost and how crews get the work done in the middle of a health crisis.
Why a historic eviction wave is bearing down on U.S.
According to the Census Bureau, about a third of renters said in July that they had no confidence or slight confidence in their ability to pay for housing in August.
Residential Real Estate: Marketplace Stats for August 28, 2020
Active listings have continued to fall throughout 2020, as sellers resist having potential buyers in their homes during a pandemic.
Pandemic has changed the way homebuyers, homeowners think about houses
After spending months in virtual lockdown, some homeowners have learned their residences just don’t serve their needs. Or more accurately, the needs of a family in quarantine.
Photo gallery: Downtown condo mixes modern, traditional
Tall ceilings, large windows and a great balcony attracted Bryan Bisson to a four-story condo on Alabama Street.
Fannie-Freddie foreclosure suspension extended to year’s end
Fannie and Freddie, which backstop about $5 trillion of home loans, will also extend their moratorium on evictions from real-estate owned properties until at least Dec. 31, the Federal Housing Finance Agency said.
Tenant-landlord settlement program aims to reduce eviction filings
The Indiana Supreme Court is launching a new mediation program to help stem an anticipated flood of evictions by facilitating settlement agreement.
City working to reduce rent-relief waiting list of 25,000
To date, the city has distributed about $6.6 million to 3,390 households,
Seawalls shored up to protect 2 historic World’s Fair homes in northwest Indiana
The Wieboldt-Rostone House and the Florida Tropical House were featured in the 1933 World’s Fair in nearby Chicago but were moved after the fair closed to lakeside property that’s now part of the Indiana Dunes National Park.
Low rates, heavy buyer demand send U.S. home sales surging
In the midst of the pandemic-induced recession, housing has emerged as one of the few resilient sectors of the economy.
Report shows small rise in homelessness in Marion County prior to pandemic
The count was taken in January, so it doesn’t consider the number of people newly experiencing homelessness because of the pandemic.
More than 30,000 Hoosiers apply for state rental assistance
The number of applications is more than triple what the state expected last month when it rolled out the program, which provides up to $500 in assistance a week for up to four weeks.
Central Indiana existing-home sales rise for first time in three months
Sales of existing single-family homes jumped dramatically in central Indiana in July, despite the pandemic, soaring prices and a huge plunge in inventory.
Coalition calls for eviction prevention measures as state moratorium expires
As Indiana’s eviction and foreclosure moratorium comes to an end, a coalition of housing advocates is warning that as many as 720,000 Hoosiers are at risk of being ousted from their homes.
Homebuilders still seeing high demand despite pandemic
Area new-home construction filings jumped 12% last month, marking the 11th time in the last 13 months that filings have risen on a year-over-year basis.
Cheapest apartments facing biggest foreclosure risk from pandemic
While landlords at the priciest, amenity-rich apartments have collected most of their rent payments during the pandemic, owners of older, less fancy units—the backbone of the nation’s affordable housing supply—have not fared as well.
Meeting tenants’ legal needs in looming eviction cases could cost billions
As Indiana’s moratorium on evictions is set to end on Friday, legal aid providers are estimating the national price tag for helping tenants facing the prospect of losing their places to live will top $2.5 billion.