Local developers, officials look for solutions to fill affordable housing gap
About 81,500 households in Marion County alone are classified as “cost-burdened,” meaning they spend more than 30% of their income on housing.
About 81,500 households in Marion County alone are classified as “cost-burdened,” meaning they spend more than 30% of their income on housing.
Because the grant money comes from COVID funding made available to keep individuals and families in their homes during the pandemic, the bar foundation’s kiosks will be required to focus solely on housing issues.
An interim study committee examining solutions to Indiana’s housing crisis on Thursday approved a lengthy list of recommendations for future legislation.
The Indianapolis City-County Council and Metropolitan and Economic Development Committee are considering tax-increment financing for three apartment developments that prioritize access to transit.
At its peak, the rent-assistance program doled out $7 million in a month. That rate is impossible post-pandemic, so the city must decide how much eviction-prevention assistance is possible.
Ellis Acres would be built on 10 acres on the southwest side of the intersection of County Road 750 South and Indianapolis Road near the interchange of Interstates 65 and 865.
Lt. Gov. Suzanne Crouch and The Indiana Housing and Community Development Authority on Tuesday announced a new partnership with the Indiana Bar Foundation to provide legal services for Hoosiers facing eviction.
The Low-Income Housing Tax Credit program, in conjunction with the Multifamily Tax Exempt Bonds, are used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.
The 13-member body approved by the Legislature in March is tasked with addressing Indiana’s affordable housing shortage.
The Indianapolis facility is expected to provide housing and support for up to 11 women who will live with their children.
There are just 38 affordable units available to every 100 Indiana renters making 30% or less of the area media income, according to the report by the National Low Income Housing Coalition and Prosperity Indiana.
A family earning $97,920 can afford only 28% of new homes in Hamilton County and 12% of current listings, according to the study.
The landlords are many months and more than $2 million behind on utility bills, putting more than a thousand households at risk of homelessness should Citizens Energy Group cut utility services to the complexes.
The lawsuit also alleges that the owners of the complexes defrauded both Citizens Energy Group and residents by collecting payments that the owners said would go to utilities—but didn’t.
The lawsuit alleges Clover Group violated federal accessibility requirements at 38 properties in Indiana, New York, Ohio and Pennsylvania.
Indianapolis will get the funding from the U.S. Department of Housing and Urban Development for its “housing first” homelessness efforts, officials announced Wednesday. The strategy prioritizes stable housing, followed by supportive services.
Abbott Commons would include homes ranging in cost from $325,000 for townhomes to single-family houses for $475,000.
The initiative is a partnership between the Indianapolis Urban League, the National Urban League and the African American Coalition of Indianapolis, and is funded with a $100 million Lilly Endowment Inc. grant awarded in August 2020.
The dilapidated Lakeside Pointe at Nora and Fox Club apartment complexes in Indianapolis could see major improvements soon, Indiana Attorney General Todd Rokita announced Thursday.
Moira Carlstedt, president and CEO of the Indianapolis Neighborhood Housing Partnership for nearly a quarter-century, plans to leave her position later this year, the organization announced Tuesday.