What’s next for IndyRent as federal funding fades away?
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.
Rentals
Florida-based developer proposes build-to-rent community in Carmel
The 32-acre build-to-rent project would be on the north side of the 400-acre Legacy mixed-use development, which is along the south side of East 146th Street and west of River Road.
Evictions spiking as rents soar, assistance disappears
Rental prices nationwide are up nearly 15% from a year ago and almost 25% from 2019, according to the real estate company Zillow.
Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Two Indiana courts receive funding to tackle eviction problem
The grant funds will go toward hiring and supporting facilitators in the courts. Those individuals will provide tenants and property owners with information about eviction diversion programs and emergency rental assistance.
Rents across the United States continue to skyrocket
The burden of rising rents falls heaviest on younger households, as well as on Black and Hispanic families, further exacerbating long-simmering inequalities.
Citizens Energy sues apartment complexes for $1.3M in unpaid bills
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.
Battle heats up over remaining federal rental assistance
The debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds.
New Lakeside Pointe, Fox Club owner to commit $7M to repairs, Rokita says
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.
Indianapolis man pleads guilty in real estate rental fraud scheme
Herbert “Bert” Whalen, who operated Oceanpointe Property Management in Indianapolis, engaged in a scheme to obtain millions of dollars from dozens of out-of-state investors, prosecutors said.
Troubled Lakeside Pointe apartment complex acquired
Lakeside Pointe at Nora apartment complex—under threat of a city nuisance lawsuit—has a new owner. The former owner owed more than $225,000 for 600-plus housing code violations at the complex.
Treasury: Most COVID rental aid went to low-income residents
The Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households.
Rents skyrocketing across United States with no end in sight
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. Indianapolis-area rents have seen a smaller, but still significant, jump.
City, partners push forward with renter support despite setbacks
City officials say they’re focused on a “test case” nuisance lawsuit and funding a range of programs to tackle persistent challenges with habitability, affordability and legal aid for tenants.
Indianapolis delays suit against apartment owner, citing interested buyer
The city had been poised to file suit against the owner of troubled Nora-area apartment complex Lakeside Pointe, but is delaying legal action in hopes of a change in ownership.
Central Indiana fair housing group to get $1M in Fannie Mae settlement
The Fair Housing Center of Central Indiana and 20 other fair housing organizations across the country announced Monday that they have reached a $53 million agreement with Fannie Mae to settle a discrimination suit.
Rents are up 14% nationwide, forcing millions to find another place to live
In Indianapolis, rents increased 9% last year, to $1,280 per month. But in some cities, rent jumped by more than 40%.
City threatens nuisance suit against owner of troubled Nora apartment complex
Conditions at Lakeside Pointe have been on the decline for years. Residents have reported going weeks without hot water, air conditioning and heating; raw sewage leaks; and a dozen fires.
Evictions on the rise months after federal moratorium ends
Eviction filings in Indianapolis were 49% below average in August but just 7% below average in the first 11 days of December, according to Eviction Lab at Princeton University.
Treasury says rental assistance helped stop eviction wave
The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in evictions despite the expiration of the federal eviction moratorium, the Treasury Department said.