Builders see increased demand for new homes for the 14th straight month
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
Housing
Articles
Tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium
Congress approved $10 billion in federal assistance to help homeowners pay off debt, but the program is moving so slowly that protections are expiring before states have figured out how to distribute the money.
Biden to allow eviction moratorium to expire Saturday
As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months, according to a U.S. Census Bureau survey.
$9.2M east-side housing project opens for homeless and at-risk youth
Lutheran Child and Family Services spearheaded the project, which is part of a “housing first” approach that prioritizes a place to live as the first step to stability.
Indiana evictions could surge post-moratorium
A federal freeze on most evictions that was enacted last year is scheduled to expire July 31. Although no statewide data exists, Indiana housing experts estimated that roughly 13% of tenants—about 106,000 Indiana households—are at risk of eviction.
Long-neglected parcel in northwest Indy soon to be filled with houses
Local firms Apex Realty Group LLC and Arbor Homes have partnered to build at least 60 houses on the property at the southeast corner of West 79th Street and Michigan Road, as part of a phased buildout for the development known as Augusta Heights.
Millions fear eviction as end of federal moratorium nears
The U.S. Census Bureau’s biweekly Household Pulse Survey shows that nearly 4.2 million people nationwide report that it is likely or somewhat likely that they will be evicted or foreclosed upon in the next two months.
Complaint alleges discrimination in woman’s home appraisals
Carlette Duffy and the Fair Housing Center of Central Indiana filed complaints with the federal government, alleging appraisers violated fair housing laws. The appraisers, the complaints said, purposely used comparable sale prices that were unfair and racially motivated.
Renew Indianapolis gets $85K grant as it joins national housing network
The local community development not-for-profit also plans to tap into the national group’s technical and training resources.
Tax credits in hand, INHP focuses on affordable single-family homes
The organization has for decades helped families secure mortgages and generally works with neighborhood development groups on a litany of development projects. It has been focused of late on transit-oriented multifamily developments near IndyGo’s Red Line. But single-family units are a newer focus.
Home dedicated to LGBTQ young adults set to open in Indy
The state’s first dedicated homeless shelter for young adults who identify as LGBTQ will open its doors this year in Indianapolis, providing services that advocates say are desperately needed.
Housing to target foster kids aging out of system
Community officials are hopeful a new east-side housing project focused on young adults aging out of foster care will go a long way in furthering the area’s efforts to reduce homelessness.
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.
Developers ‘optimistic’ about multifamily projects, stress that incentives are needed
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
Why a historic eviction wave is bearing down on U.S.
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.
Coalition calls for eviction prevention measures as state moratorium expires
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.
Housing instability could upend state’s economy
Housing advocates are warning of a tidal wave of evictions in the state this summer unless an effort is coordinated to head it off.
GIPC forms working group to provide legal services, make policing recommendations
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.
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.
U.S. home construction dips 3.6% in January
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.