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Indianapolis officials mark opening of 46 Flats, a 173‑unit affordable housing development
Summary
City and nonprofit partners celebrated the ribbon cutting for 46 Flats in the Millersville neighborhood, a $41 million redevelopment that officials say delivers 173 affordable apartments and 14,000 square feet of commercial space funded in part by nearly $3 million in ARPA dollars and IHCDA financing.
City leaders and project partners on Thursday celebrated the official opening of 46 Flats, a mixed‑use redevelopment in the Millersville neighborhood that officials said includes 173 affordable apartments and roughly 14,000 square feet of commercial space.
"We are bringing on almost 200 units of affordable housing," Albany Hart, chief communications officer for the Department of Metropolitan Development, said at the ribbon‑cutting. Mayor Joe Hogsett said the project brings the city one step closer to a 2025 target of 683 units in active development.
The development, led by co‑developer House Investments and sponsor Partnership for Affordable Housing (PAH), converts a vacant office park into residential and commercial space. Matt Gratis, principal at House Investments, said the project represents a $41,000,000 investment that delivers 173 homes…
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