Current Projects
Willard Park Housing Development
Riley Area Development Corporation (RADC) and Newport Indiana, LLC formed a partnership, providing the capacity, expertise and community outreach necessary to revive a four-block neighborhood in the Willard Park neighborhood. Located 1.5 miles from downtown.
The $4 million project is supported by IHCDA, Federal Home Loan Bank, and the Corporation for Supportive Housing.
Project includes 40 rental units: 30 of the units are reserved for youth aging out of foster care, a section of the community at high risk of homelessness and 10 affordable units.
These units are part of IHCDA’s Permanent Supportive Housing Initiative, a statewide initiative to prevent and end homelessness. RADC is also completing 10 homeowner repairs for low to moderate income families in the area. The goal is to provide housing, but also to improve the neighborhood as a whole.
Trailside on Mass Ave
PROJECT LOCATION The project is located at 875 Massachusetts Avenue, Indianapolis, IN 46204, in Marion County.
PROJECT & UNIT DESCRIPTION
Creates 69 units of affordable housing with common areas for services and meetings. The development is located in the heart of downtown Indianapolis.
The rent levels for the project will be as follows: thirteen (13) units set aside for households at 30% area median income (“AMI “); sixteen (16) units of 40% AMI rent level; sixteen (16) units of 50% AMI rent level, and twenty-four (24) units of 60% AMI rent level. All sixty-nine (69) unit sizes are one bedroom units. Project also includes first floor retail and office spaces.
RADC and Monument Realty and Management (“Monument”) serve as co-developers.
AMENITIES Quality components such as underground parking for building tenants, lot lighting, energy efficient appliances, and other support services were designed into the project to meet development quality issues.
The resident activity room and community services space serve as the focal point for the multitude of services. All of the services and amenities of downtown Indianapolis are within close proximity to the project site. Located within walking distance of the development are state and local government and other major employers, grocery stores, restaurants, beauty and barber shops, service stations, places of worship and community parks, the Colt’s and Pacer’s stadiums and IUPUI campus.
AREA NEEDS This project engages the Boner Center, Mental Health America of Greater Indianapolis, and the Center Township Trustee to assist residents to address barriers to their own economic well-being.
COMMUNITY DEVELOPMENT
Trail Side on Mass Ave supports the economic progress already made in Marion County by creating jobs during the construction phase, in the operation of the building and in adding 69 units of quality affordable housing. The project also secures several key service providers, the Boner Center, Mental Health America of Greater Indianapolis, and the Center Township Trustee.
UNIQUE FEATURES
- Location Offers the opportunity to access the exciting multitude of services and amenities of downtown Indianapolis by stepping out your front door. The new Cultural Trail is right out your front door, restaurants, shopping, entertainment, the Colt’s and Pacer’s stadiums, museums, IUPUI, grocery stores, services, restaurants, shopping are all within walking distance.
- No need to rely on transportation The proximity of this downtown location, combining affordable housing and access to support services, offers a unique opportunity in this prime setting. All residents, in particular very low income residents, can access via walking or a bicycle, thousands of entry level jobs. Dependence on a car or public transportation, in arriving for an early, late, split shift, or even multiple part time jobs that many hospitability and entry level jobs require, is much easier at this location.
- Partnership with the Center Township Trustee This marks the first time the Center Township Trustee, charged with helping those in dire need in Center Township, has directly partnered in developing affordable housing.
- Access to the Cultural Trail Another truly unique amenity, the Cultural Trail is right out the front door of Trail Side. The City of Indianapolis is spending over $25 million to construct the Cultural Trail. This trail connects the city’s six cultural districts and the Monon Trail. People can walk, bike, and run on this trail to get anywhere in the city. The trail offers safer bike and foot travel downtown because of the creation of paths for bikes and pedestrians. It encourages exercise because of its availability and proximity.
- Catalyst for Development on the Eastern portion of Mass Ave Spurs the development of this under developed eastern end of Mass Ave. Clearly the Davlan has become a vibrant center of economic and housing activity.
