Indiana awards $557M for low-income housing in ‘historic’ investment
Together, the projects are expected to result in nearly 2,500 new housing units in the state.
Housing
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Developers eyeing renters, not buyers, for new communities
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
Developer planning townhouse development on west side of Noblesville
Indianapolis-based Platinum Properties Management Co.’s plans call for the Westbrook townhouse community to be built on 19 acres on the northeast side of the intersection of Moontown Road and Castamere Drive.
City purchases land for low-barrier homeless shelter
The purchase consists of three parcels and was made in partnership with Indianapolis-based not-for-profit Rdoor Housing Corp. (formerly Merchants Affordable Housing Corp.), an affordable housing developer.
Developer planning 230 townhouse, apartment units near LEAP district in Lebanon
Paddock Place would bring the number of housing units planned to more than 700 near the future Eli Lilly and Co. manufacturing campus.
Haughville housing project, initially opposed by neighbors, moving forward with changes
Earlier this month, more than a dozen Haughville residents who live near the project held a press conference to express frustration with Buckingham Foundation’s decision to move forward with the project despite their misgivings.
Indianapolis-based developer seeking to build about 300 houses in Whitestown
Gradison Land Development Inc. is looking to build Windswept Farms on 160 acres south of the intersection of County Road 425 South and County Road 700 East.
PulteGroup, TWG plan 603-acre development in Noblesville with 1,930 residences
Noblesville Economic Development Director Andrew Murray told the council that the developers plan to invest $475 million in the project, which is expected to have a $700 million market value when completed.
White House rolls out measures aimed at increasing affordable housing
The White House also announced that it was forming an inter-agency task force to develop ways to fund efforts to convert more commercial buildings to residential housing, especially zero emissions and affordable units.
Henke Development planning 350-acre, nature-focused community in Zionsville
Single-family houses at Bradley Ridge would range in price from $1 million to $3 million, while townhouses would cost $800,000 to $850,000.
Eviction filings 50% higher than in pre-pandemic in some cities as rents rise
After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing.
Fishers firm turns old shipping containers into attainable housing
Cities around the country are beginning to look at container units to address homelessness and increase housing supply.
Sides reach $750K settlement in rent-to-own housing dispute
The Fair Housing Center of Central Indiana and Indianapolis-based Rainbow Realty Group Inc. have announced a settlement in a legal fight over an allegedly predatory rent-to-own program.
State’s poorest renters hurt most by affordable housing shortage, report says
Sixty-one percent of Hoosiers in extremely low-income households can’t find an affordable rental, instead spending more than half of their income on housing with little left for food or other necessities, according to a newly released analysis.
After a decade, Central@29 housing project appears on track
The $18.1 million, 56-unit project is planned for the southeast corner of Central and East 29th streets in Fall Creek.
Indianapolis company sees significant opportunity in modular housing
Volumod sees modular housing as one way to tackle Indiana’s affordable housing shortage.
US economy sending mixed signals: Here’s what it all means
Here’s a closer look at the economy’s vital signs at a perplexing time of high interest rates, still-punishing inflation and surprisingly strong economic gains.
CVS Health puts $10M behind Indy supportive housing project
The $10 million infusion will help create a 48-unit affordable apartment complex for low-income families and homeless young adults on the near-east side called St. Lucas Lofts.
Lawmakers move revolving fund for housing forward without price tag
Lawmakers opted not the include an explicit price tag for a program designed to incentivize affordable housing construction throughout the state before passing the bill through the House Ways and Means Committee on Wednesday.
First Internet Bank to exit consumer mortgage business
Fishers-based First Internet said the decline in the housing market and the sector’s negative outlook for the next few years prompted it to get out of the consumer mortgage business.