Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
Pandemic depresses number of houses for sale, which drives up prices
A shortage of moderately priced single-family homes and pent-up demand stemming from the COVID-19 lockdown this spring have caused home prices to rocket higher.Read More
Student housing firms see upside to uncertainty over colleges’ return
With students expected to return to most Indiana college campuses this fall, housing management firms are anticipating a boost to their bottom lines and a renewed interest in off-campus living.Read More
Carmel-based builder that launched during recession just keeps growing
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.Read More
According to the Census Bureau, about a third of renters said in July that they had no confidence or slight confidence in their ability to pay for housing in August.
As Indiana’s eviction and foreclosure moratorium comes to an end, a coalition of housing advocates is warning that as many as 720,000 Hoosiers are at risk of being ousted from their homes.
The Greater Indianapolis Progress Committee on Thursday announced the creation of a working group to look at ways to tackle racism and bias in Indianapolis.
The U.S. Commerce Department reported that builders started construction on 1.57 million homes, a decline of 3.6% from 1.63 million units in December. That had been the highest point since late 2006 at the peak of the housing boom of the last decade.
Chicago-based Mercy Housing and Missouri-based MACO Development Co. plan to build the $25.6 million, 156-unit apartment complex at 3355 Kirkbride Way on the west side of Indianapolis.
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
The purchases are part of the group’s $15 million plan is to preserve or create 1,000 affordable housing units within walking distance of IndyGo routes over the next five years.
The Central Indiana Community Foundation’s new five-year plan focuses on making Indianapolis a more inclusive city, a goal it hopes to achieve partly by training 5,000 community leaders and residents about institutional racism.
New Indianapolis Housing Agency Executive Director John Hall is charged with sorting out the agency’s finances and improving the city’s federally funded voucher program.
Median household incomes have dropped in a full third of Indianapolis ZIP codes since 2000. Inequality is growing across the city.
The effects of Habitat home ownership include increased higher education attainment, better financial security and reduced stress.
The money will be used to make repairs and improvements to public housing units, as well as providing housing counseling to struggling consumers.
Programs across Indianapolis that provide housing and support to the homeless are bemoaning a $687,540 decrease in U.S. Department of Housing and Urban Development funding this year.
The Indianapolis Housing Agency will receive $2.6 million.
Wheeler Mission Ministries Inc. said Wednesday that it has received a donation from the Nina Mason Pulliam Charitable Trust that will allow it to start construction on a new facility next to its shelter at 520 E. Market St. in downtown Indianapolis.