Average US long-term mortgage rate ticks down to 6.18% this week
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week.
Housing
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Neidhammer Coffee Co. to close amid nonprofit owner’s funding crisis
The nonprofit 91 Place—which purchased Neidhammer Coffee Co. in 2023—is also seeking support to continue offering places to stay for young adults affected by homelessness, trafficking and violence.
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Marian University seeks rezoning of former hospital complex, plans educational district
A state filing indicates as much as $154 million could be invested in the Larue D. Carter Memorial Hospital property in coming years by Marian University and other entities.
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Q&A with Onyx+East CEO Kelli Lawrence on embracing unique housing types
Onyx+East, which was spun off in 2016 from Indianapolis-based Milhaus Development LLC, got its footing in downtown Indianapolis, and Lawrence has led the company as it has put a focus on the suburbs.
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IBJ Podcast: Pete the Planner on Trump’s second term, rising inflation and the impact of the LA wildfires on housing
IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.
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Articles
3-story condominium building planned alongside Merchants Bank HQ in Carmel
The project site also features a Merchants Bank of Indiana corporate headquarters expansion and a six-story apartment building that is nearing completion.
Epcon Communities planning 161-home development in Noblesville
Developers told members of the Noblesville City Council that Courtyards of Deer Creek would not be age-restricted, but it would be targeted toward people ages 55 and over.
Homebuilder proposing more than 400 new homes along Whitestown-Zionsville border
About 11 acres on the southeast corner of the 176-acre Heritage Station project site are in Zionsville, which has already signed off on that part of the project.
Bill Taft: City needs to nix barriers to affordable housing
We have everything it takes to make Indianapolis the most attractive place to build homes in the Midwest.
FTC sues Zillow, Redfin over deal it says suppressed competition in rental ads
The Federal Trade Commission argues said the companies’ “unlawful scheme” maybe reduce incentives for further competition, and could lead to higher prices and fewer choices for multifamily rental advertising customers.
18 residents of Fountain Square homeless camp housed via Streets to Home initiative, officials say
Additionally, some who had left the Leonard Street camp after initial closure notices and had relocated elsewhere in the neighborhood are also being connected to housing and services.
BWI affordable housing project gets initial incentive OK despite problems with previous phase
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.
City reverses course, says Fountain Square homeless camp residents will be housed via new initiative
Streets to Home leaders said a recent 10-person pilot was successful and that stakeholders were able to “accelerate our timeline” to launch the program and get people from the Leonard Street camp housed.
Average rate on a 30-year mortgage drops to lowest level since October
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Indianapolis homeless count hits highest mark since 2021
The 2025 point-in-time count was the second-highest recorded in Indianapolis over the past 10 years, trailing only the 2021 high of 1,928.
Residents at downtown apartment building sue Indianapolis Housing Agency, property owner over safety concerns
Elderly and disabled residents of subsidized public housing at the Richard G. Lugar Tower Apartment Complex in downtown Indianapolis are embroiled in a multiyear conflict over safety and sanitation issues.
City, service providers to launch $8.1M initiative to house hundreds living on streets
Advocates hope the first phase of the initiative, called Streets to Home, will provide housing and wraparound services to some 300 residents by next year.
Residents, activists respond to Hogsett director pick with concerns about Indy’s winter shelter program
Guests who stayed in the city’s temporary winter shelter have spoken against Andrew Merkley’s nomination to head the Office of Public Health and Safety, arguing the shelter was unfit for families.
Q&A with Isaac Bamgbose: ‘There’s definitely a need and a niche in the market that isn’t being met’
His New City Development firm’s first major project, announced in 2022, is a $300 million, 125-acre development called Hobbs Station in Plainfield.
Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
Senate axes public camping ban language, citing relevancy rule
Indiana’s proposed public camping ban, which originated with a Texas-based think tank, has now died twice this legislative session.
Homebuilder planning 326 new houses in two Noblesville developments
Plans for communities proposed by M/I Homes of Indiana called MontClaire and Bending Branch were presented to members of the Noblesville City Council this week.
UPDATE: Senate dissents, sends public camping ban bill to conference committee
More than a dozen Senate Republicans joined Democrats in voting against the legislation, which makes camping on public property a Class C misdemeanor.
Indiana lawmakers revive controversial public camping ban
Language similar to House Bill 1662, which died earlier this legislative session, was amended into a seemingly unrelated bill, raising concerns from Democrats and advocates for the homeless.