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You should read Ball State’s economist Hicks articles about the housing shortage in Indiana. Your solutions all seem like a hammer looking for a nail. Census records show Indiana has a quarter of million empty housing units right now and most cases it doesn’t make sense to build more new houses.
Interestingly, at Indy’s recent hosting of Global Entrepreneurship Conference (GEC), Tim Rowe, CEO and founder of Cambridge Innovation Center (CIC), which builds innovation centers across the world, delivered a session on “Becoming a Global Innovation City”. Mr. Rowe said “surprisingly, no city in the world has staked a claim as the innovation city for affordable housing”. Could Indianapolis becomes that city? If Indianapolis became a global innovation city by augmenting its bio-science innovation fame with an innovation center for affordable housing, such a center could include partnerships with not only developers, government, and private sector, as astutely mentioned by Mr. Hancock, but also with IU and Purdue academic talent (e.g., architecture, material science, engineering) to invent novel cost-effective construction methods and pilot test them on model homes built on a very large area of land.