The Low-Income Housing Tax Credit program, in conjunction with the Multifamily Tax Exempt Bonds, are used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.
Builders are coming off their busiest year since 2005, but single-family building permits have fallen on a year-over-year basis in every month of 2022.
The Noblesville City Council heard proposals this week for two separate residential real estate developments that would create nearly 130 new residences in the city, including more 75 high-end homes near a golf course and 50 affordable-housing options.
Promontory of Zionsville would include 80 homes ranging in cost from $1.5 million to $4 million.
Integra Builders has held the one-acre lot at the southwest corner of North Park Avenue and East North Street since January 2020, when previous owner Litz & Eaton Investments LLC sold the site as part of a messy split between the firm’s principals.
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.
Hyde Park Towns and Flats would be built on 17.4 acres of land west of Hamilton Town Center at the southwest corner of East 141st Street and Brooks School Road.
The home, constructed in 1940, sits in a 4.3-acre wooded, gated estate at 9950 Spring Mill Road. The 12-room house includes five bedrooms and offers panoramic views.
Construction is starting to shape the first piece of a massive mixed-use redevelopment in downtown Noblesville that will add more than 200 apartment units by 2025.
Rising mortgage rates, supply-chain issues, increasing material costs and limited lot availability are hampering the market.
ARMs made up 13% of all home loans by dollar volume in March, their highest share since January 2020, according to CoreLogic.
The Metropolitan Development Commission continued a public hearing on the Willows redevelopment project near Broad Ripple following requests for a postponement by both the developers and remonstrators.
Sales have been on the downturn in typical residential hotbeds Hamilton, Johnson and Marion counties, but have been on the rise in Madison, Hancock and Morgan counties.
Average long-term U.S. mortgage rates are continuing to rise, with interest on the key 30-year loan at its highest level since 2009.
Plans for the development include a 69-acre equestrian exhibition center and 25 or so custom home lots priced at $1.2 million and up.
The 13-member body approved by the Legislature in March is tasked with addressing Indiana’s affordable housing shortage.
The plan by Homestead Development consists of two components. The first would be a single apartment building for individuals age 55 or older. The other would be an eight-building complex containing market-rate apartments.
A smart-home automation business is set to take over one of zWorks’ buildings after the coworking center consolidates into one location.
National retailer RH is teaming with a developer to take over Linden House—the 152-acre Indianapolis estate of late businesswoman and philanthropist Christel DeHaan—and turn it into a huge home furnishings showroom, interior design gallery, upscale restaurant, wine bar and outdoor furniture gallery.
Single-family building permits have fallen on a year-over-year basis for the past three months and in six of the past eight months.
