Holcomb vetoes controversial landlord-tenant legislation
The governor’s decision to block the bill from becoming law allows tenant protections the city of Indianapolis recently put in place to remain in force.Read More
Local heavy machinery rental firm expanding onto west-side Kmart parcel
MacAllister Machinery’s current operations along West Washington Street span about 6.5 acres, with the purchase of the Kmart parcel next door adding another 8 acres.Read More
The $25 million program, funded through federal aid the state received through the Coronavirus Aid, Relief, and Economic Security Act, will provide assistance of $500 per month for up to four months. The state expects the program to help about 12,000 households.
The Indianapolis City-County Council is scheduled to meet at 7 p.m. Monday night to consider the proposal.
Advocates agree that the federal and state moratoriums are helpful, but say renters will need more help long term. Even one missed rent payment can put low-income residents so far behind they can’t recover.
The provision emerged at the Statehouse last month as a last-minute attempt to block the Indianapolis City-County Council from implementing two ordinances designed to protect tenants from predatory landlords.
Under Hogsett’s proposed initiative, $250,000 of new funding would be allocated toward increasing resources for tenants. The city will work in partnership with Indiana Legal Services to provide free civil legal assistance to eligible low-income residents.
Marion County has a much higher percentage of households than the rest of the state that rent their homes instead of owning them, according to a report issued this week by the Indiana University Public Policy Institute.
Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Airbnb reported that Indiana renters hosted 175,000 guests in 2017, who collectively earned more than $21 million by making their spaces available to travelers. But some homeowner groups want to ban the practice.
The Indiana data is less bleak than the national average, which found a full-time worker would have to earn $22.10 on average to afford a two-bedroom rental.
The “2,000 homes” dashboard—named after a pledge by Mayor Joe Hogsett to “rehab, transform, or demolish” 2,000 homes in two years— allows residents to see addresses of blighted homes, their owners, and the type of city intervention they have received or will receive.
For folks who want something a little more structurally solid than glamping but more homey than a hotel, the Indianapolis Motor Speedway plans to offer lodging for this year’s Indy 500 in pint-sized houses.
Visitors enjoy all the comforts of home, but on a very small scale. Indeed, the place looks like someone crammed an impeccably decorated, shabby-chic cottage into a phone booth.
Using a self-directed Roth IRA account, John Gremling buys and sells property to rent out to tenants, including veterans seeking help from groups like Hoosier Veterans Assistance Foundation of Indiana.
The city of Indianapolis is hoping to get derelict property owners into shape with new changes to its landlord registry.
A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Supporters of the bill, which would restrict cities from outright bans on short-term rentals like Airbnbs, have just a few days to bring it up again this year.
Affordable housing advocates are worried that a bill lawmakers sent to Gov. Eric Holcomb will exacerbate what they say is a shortage of inexpensive options for Hoosier families.
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.