East-side neighborhood could soon get TIF money
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
Residential Real Estate
Articles
Indy point-in-time homeless count rises for first time since 2021
The annual count is required for communities to receive funding from the U.S. Department of Housing and Urban Development, which helps fund local homelessness prevention efforts.
Homeowners race to refinance as mortgage rates retreat from 23-year highs
Refinance applications were up nearly 60% nationally versus the same week last year, but applications for loans to buy a home are still down from a year ago.
Trilogy Health to expand senior housing in Noblesville, Mooresville, Greenfield
The expansion projects in three central Indiana communities are part of a larger investment the company said it is making across the Midwest to senior living and assisted living services in Indiana, Kentucky, Michigan and Ohio.
Work to empty troubled complex nears end
After years of neighborhood strife, the administration of Mayor Joe Hogsett last year began demolishing portions of the cluster of 258 housing units and is in the process of relocating other Towne & Terrace residents.
State AGs ramp up scrutiny of alleged price-fixing in rental housing
In the past two years, more than 30 lawsuits have been filed in federal and state courts alleging that companies such as RealPage and Yardi are equipping corporate landlords with software algorithms that allow competitors to collude on rental housing prices.
Developers plan about 150 single-family houses and town houses in Westfield
City Council members heard plans for the 44-acre Finley Creek Estates and the 11-acre Westfield Yard developments this week.
Yearlong positive streak ends for area homebuilders
Permit filings had risen on a year-over-year basis for 11 straight months before June’s decrease.
Central Indiana home sales sink 12% amid higher prices
Closed sales in the Indianapolis area have fallen in 28 of the past 29 months on a year-over-year basis.
Biden to unveil plan to cap rents as GOP convention begins
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.
Developers plan single-family houses, town houses at Maple Del site in Fishers
Mirtha Development LLC, and Carmel-based Old Town Cos. plan to build 10 single-family houses and 56 three-story town houses at East 116th Street and Maple Drive.
Horizon House chief exec announces retirement
Teresa Wessel has spent the last 14 years at Horizon House, which works to prevent homelessness by offering an array of short-term and long-term services that help individuals secure and maintain housing.
TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Indiana awards communities $51M in housing infrastructure boost
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes.
Analysis finds growing gap in Indiana’s housing affordability
The findings, from an annual report jointly published by the National Low Income Housing Coalition and Prosperity Indiana concluded that Indiana dropped from 43rd to 34th in terms of affordability between 2021 and 2024.
Owner of 27-story downtown apartment tower faces $101M foreclosure lawsuit
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
Applications for new homes rise for 11th straight month in Indy area
However, the central Indiana homebuilding market has lost much of the velocity that characterized the first couple of months of 2024.
Central Indiana home sales sink again amid higher prices
Closed existing-home sales in the 16-county area have fallen in 27 of the last 28 months.
Epcon Communities planning 80-home development in Westfield
The Westfield City Council heard plans for the proposed 36-acre Courtyards of Cielo Ranch and also approved plans for a 13-acre, age-restricted community called Vita of Westfield.
Local developer plans low-income senior project at former site of Ritz Theatre
DTM Real Estate is seeking low-income housing tax credits for its planned project at the northwest corner of 34th and Illinois streets, which it intends to call The Ritz on Illinois as an homage to the 1920s movie house.