Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances HOTIF-backed Arnold Place townhomes; INHP says majority of units will be affordable
Summary
The Metropolitan and Economic Development Committee voted to forward proposal 16, authorizing use of tax-increment bond proceeds to support INHP's Arnold Place townhomes, a 33-unit development with at least 51% of homes affordable to buyers at or below 80% of area median income.
The Metropolitan and Economic Development Committee on Monday voted to send proposal 16 to the full council, authorizing use of tax-increment funds from the city's Housing Opportunity Tax Increment Financing (HOTIF) program to support the Arnold Place townhome project.
Jeff Hasser, director of housing strategy for the Indianapolis Neighborhood Housing Partnership (INHP), told the committee the development will include 33 townhomes and that "a minimum of 51 percent of these homes will be affordable to buyers earning up to 80% of the area median income." He said construction began in 2024 and the first phase of 20 units is under contract and under construction.
The committ…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
