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Indianapolis Neighborhood Housing Partnership

Indianapolis, IN (2021)

Construction of approximately 40 homes in 7 highly distressed neighborhoods in Marion County that have been identified as tipping point neighborhoods with a large number of vacant or abandoned homes or lots.

COMMUNITY IMPACT
FINANCING SOURCES
PROJECT LOCATION

Project Description

Continuing the work INHP did in 2017 with a $5M allocation from HPN, with a $9 million allocation, INHP plans to build approximately 40 homes in 7 highly distressed neighborhoods in Marion County that have been identified as “tipping point” neighborhoods with a large number of vacant or abandoned homes or lots. INHP is working or has worked in each neighborhood which includes the neighborhoods of Riverside, Crown Hill, Rivoli, Mapleton Fall Creek, Old Southside, Haughville and Twin Aire. At an estimated TDC of $210,000 each, INHP will sell these homes to persons with incomes up to 120% AMI for approximately $135,000 – for a total subsidy of $¬-75,000 per house. INHP will sell at least 20% of these homes to persons earning 80% AMI or less.

Community

Housing