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.
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.
City Council members heard plans for the 44-acre Finley Creek Estates and the 11-acre Westfield Yard developments this week.
Permit filings had risen on a year-over-year basis for 11 straight months before June’s decrease.
Closed sales in the Indianapolis area have fallen in 28 of the past 29 months on a year-over-year basis.
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.
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.
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.
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.
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes.
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.
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.
However, the central Indiana homebuilding market has lost much of the velocity that characterized the first couple of months of 2024.
Closed existing-home sales in the 16-county area have fallen in 27 of the last 28 months.
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.
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.
For the first four months of 2024, permit filings were up 44% compared with the same period of 2023.
In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.
After more than two years of declining existing-home sales, central Indiana finally saw a positive month in April.
Spending on renovations and repairs fell for the first time in more than a decade in the first quarter.
