The city awarded $5.86 million to help support the creation of 49 homes for rental, homeownership and lease-to-purchase opportunities. The cost of the home will depend on the neighborhood. Families making less than 80% of the area median income qualify.
INDIANAPOLIS— A push to create more affordable housing is taking another step forward. In recent weeks, Mayor Joe Hogsett announced ten proposals were selected for funding through Vacant to Vibrant.
"Especially in our neighborhood, it’s a neighborhood with a pretty bad record of disenfranchisement. In our sort of coverage area in Flanner House we’ve got a third of the properties are owned, a third are renters and they may be 2nd or 3rd or even 4th generation renters, and then a third of the available lots might be vacant. That’s a pretty interesting mix of how we’re using the land in the 46028 zip code.
· With $600,000, Flanner House homeownership project will partner with Volumod to develop six new modular homeownership units in 46208. · The Southeast Neighborhood Development Inc.'s submission will utilize $953,616 in ARPA funds to create six total affordable units, four rental townhome units in the Old Southside Neighborhood and two homeownership units in the Twin Aire Great Places neighborhoods, providing a mix of opportunities.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vacant properties and land transformed into affordable housingThe City has allocated $5.86 million to support the development of 49 affordable homes for rental, homeownership, and lease-to-purchase opportunities in Indianapolis.
Read more »
Vacant Fort Worth school building catches fire twice this week, 8th time this yearThe fires were reported Tuesday night and Wednesday afternoon on opposite ends of the old R. Vickery School building in the city’s Glenwood neighborhood.
Read more »
Vacant Fort Worth school building catches fire twice this week, 5th time this yearThe fires were reported Tuesday night and Wednesday afternoon on opposite ends of the old R. Vickery School building in the city’s Glenwood neighborhood.
Read more »
Mayor Bruce Harrell introduces legislation to combat rising vacant building violationsSeattle Mayor Bruce Harrell introduced proposed legislation that he said would help to clean up blighted structures across the city.
Read more »
Scholly app now free to use for students, families to search for scholarshipsThe Scholly app is now available for free to help students and families search for scholarships. This app can be a valuable resource for finding thousands of dollars in financial aid.
Read more »