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Senior housing project replacing retail center

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A run-down former retail plaza along Lafayette Road south of 30th Street in Indianapolis will be torn down to make way for an $8.5 million senior housing development.

The project, led by the not-for-profit Partnership for Affordable Housing Inc., calls for 72 units for people over 55 with a limited income. It will replace the vacant 47-year-old shopping center, which had been anchored by the department store Ayr-Way.

Financing for the project, dubbed Lafayette Landings, will come from federal and local tax credits and grants, including $900,000 from the Neighborhood Stabilization Program. The general contractor and property manager is locally based Herman & Kittle Properties Inc.

It wasn't clear how much of the project's cost, which the city pegged at $16 million in an announcement, involves demolishing the former shopping mall. In an application with the Indiana Housing and Community Development Authority, the developer said the project would cost $8.5 million.

Lafayette Landings will feature 56 one-bedroom units and 17 two-bed units, which will rent for between $260 and $530 per month.

Government officials and development representatives broke ground on the project Friday morning.

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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

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  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

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