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.
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The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
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An architect, interior designer and design-build contractor discuss the sudden shift in priorities for the home, how much projects can cost and how crews get the work done in the middle of a health crisis.
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The proposed complex next to the Madam Walker Legacy Center would include about 344 apartment units ranging from studios to three bedrooms, with most of those likely used by IUPUI students.
Read MoreThe pandemic turned the entire nation into homebodies. Now, architects, builders and interior designers are addressing the pain points that emerged when our homes became our offices, schools and entertainment venues.
Sales of existing single-family homes rose in central Indiana in August despite a huge decline in available houses and another record in prices.
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
Asked to suggest an option that homeowners could do themselves, one expert said that a general rule of thumb is “the easier the install, the more maintenance the walkway is going to be.”
The town homes—all of which are expected to have three-bedrooms—would be available for lease to individuals and families with modest incomes, with an option to eventually buy the units.
Residential builders Drees Homes and Epcon Communities presented plans to the Westfield City Council on Monday for three different developments in the city.
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
The funding will serve 350 people or families currently living in non-congregate shelters, especially those at risk of contracting COVID-19 and dying, and 150 unsheltered households that face high barriers to find housing.
The $40 million program provides up to $500 a week for up to four weeks to renters whose income is lower than it was on March 6 due to the COVID-19 pandemic.
Advocates for low-income families and other Americans struggling to afford their housing costs praised the Trump administration for its approach, which is broader than what Congress enacted earlier in the pandemic.
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.
Active listings have continued to fall throughout 2020, as sellers resist having potential buyers in their homes during a pandemic.
After spending months in virtual lockdown, some homeowners have learned their residences just don’t serve their needs. Or more accurately, the needs of a family in quarantine.
Tall ceilings, large windows and a great balcony attracted Bryan Bisson to a four-story condo on Alabama Street.
Fannie and Freddie, which backstop about $5 trillion of home loans, will also extend their moratorium on evictions from real-estate owned properties until at least Dec. 31, the Federal Housing Finance Agency said.
The Indiana Supreme Court is launching a new mediation program to help stem an anticipated flood of evictions by facilitating settlement agreement.
To date, the city has distributed about $6.6 million to 3,390 households,
The Wieboldt-Rostone House and the Florida Tropical House were featured in the 1933 World’s Fair in nearby Chicago but were moved after the fair closed to lakeside property that’s now part of the Indiana Dunes National Park.
In the midst of the pandemic-induced recession, housing has emerged as one of the few resilient sectors of the economy.
The count was taken in January, so it doesn’t consider the number of people newly experiencing homelessness because of the pandemic.
