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.
Residential Real Estate
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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.
Plan for major apartment project next to Walker Theatre moves ahead
The proposed complex next to the Madam Walker Legacy Center would include about 344 apartment units ranging from studios to three bedrooms, with most of those likely used by IUPUI students.
Plan for Fishers subdivision with 290 houses advances over neighbors’ concerns
Even though Indianapolis-based Platinum Properties reduced the size of its proposed Grantham neighborhood, neighbors expressed concerns that the development will overload the already-taxed school system.
Indiana adding $15 million to pandemic rental assistance program
To date, more than 24,000 Hoosiers have submitted an application seeking rental assistance through the program, which launched July 13.
The Whit owner lists property for sale, with asking price of up to $120M
The nine-story building features 334 apartment units, a 540-space garage and the 16-Bit Arcade+Bar.
Carmel OKs Estridge townhouse development despite concern from neighbors
At least one person was ordered to leave the Carmel City Council meeting Monday for interrupting the council’s review of plans for 15 townhouses on the city’s north side.
Holcomb says he’s willing to add more money to rental assistance program
The state’s program, which launched July 13, has already received more than 20,000 applications, but the funds are expected to be enough to cover only about 12,000 households.
Housing advocates push for more CARES Act funding for rental assistance
Indiana Gov. Eric Holcomb’s administration set aside $300 million in federal CARES Act funding for local units of government to use for pandemic-related expenses, but so far, rental assistance programs are not among the reimbursable items.
Art of Design: What makes a great vacation home?
Vacation homes should project the lighter side of life. Playful, comfortable, easygoing and casual are all good adjectives for a vacation home.
Developer streamlines plans for mixed-use project on Speedway’s main drag
The $6 million project is expected to feature retail space on the first floor—already fully pre-leased—along with apartments on the second floor and condominiums on the third.
Area builders see big jump in home-construction applications
After a slowdown in May, applications for home construction permits made a solid rebound in the Indianapolis area in June despite the pandemic.
New pandemic rental assistance programs see huge demand
Two rental assistance programs launched to help state and local residents during the pandemic are already nearing their capacity, just three days after applications opened.
Central Indiana existing-home sales rebounded strongly in June
The median home price in the 16-county area has hit all-time highs in four straight months.
Apartment, retail project planned on Indiana Avenue by Walker Center
Documents filed with the city show that the apartments would range from studios to three-bedroom units, along with a handful of co-dwelling units.