Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
A measure allowing utility companies to ask courts to appoint receivers over certain landlords behind on their utility bills passed unanimously out of an Indiana Senate committee Thursday.
Lawmakers opted not the include an explicit price tag for a program designed to incentivize affordable housing construction throughout the state before passing the bill through the House Ways and Means Committee on Wednesday.
The projects in Anderson, Indianapolis and Noblesville were among 17 statewide to be awarded Low Income Housing Tax Credits, totaling more than $180 million in value over 10 years.
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
The bill’s author—a homebuilder—says the fund would be a tool for Indiana communities to provide infrastructure for their housing needs, especially workforce housing.
The project would occupy a vacant 1.5-acre parcel next to the former LoBill grocery store that is now home to the Marion County Board of Elections headquarters.
Sales of existing homes in the area have now fallen on a year-over-year basis for the past 11 months and have seen double-digit percentage decreases for six straight months.
The Vacant to Vibrant initiative, announced Tuesday, will utilize about 100 lots in several neighborhoods that have fallen into disrepair and are held in the city’s land bank.
The multiyear project will include installation of two new 69-kilovolt electric transmission lines to serve fast-growing Noblesville and Westfield.
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
A lung transplant recipient in November 2020, Estridge contracted a lung infection in recent days that his family said he could not overcome.
Interest in new homes in central Indiana continued to slow dramatically last month, according to the latest statistics from the Builders Association of Greater Indianapolis.
The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
Consumers rate current home-buying conditions as the worst since the early 1980s, according to a survey by the University of Michigan.
The purchase comes just three years after the 151-unit complex on the Central Canal was sold for $40.7 million to Chicago-based Promus Holdings LLC.
The redevelopment of the former Broad Ripple Kroger and the Fountain Square White Castle could be the first residential projects to receive tax-increment financing from the city without including affordable housing units.
Sales have now fallen on a year-over-year basis for the past 10 months and have seen double-digit percentage decreases for five straight months.
About 81,500 households in Marion County alone are classified as “cost-burdened,” meaning they spend more than 30% of their income on housing.
The development, called Onyx Point, would consist of 12 two-story buildings on 5.7 acres at 2620 N. Lebanon St.
