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Nonprofit developers, INHP update commissioners on tax-lien properties and rehab plans
Summary
Martindale-Brightwood CDC and INHP told Marion County commissioners on March 17 that several properties acquired through tax-lien sales are under renovation or planned for redevelopment into homes for buyers at about 80% AMI, describing budgets, grant awards and environmental-review timelines for multiple parcels.
Marion County commissioners received updates March 17 from Martindale-Brightwood Community Development Corporation and the Indiana non-profit housing partner INHP on properties acquired through the county’s tax-lien sales and the groups’ plans to renovate or rebuild them for sale to income-eligible buyers.
Jasmine Buchanan, senior director of real estate at Martindale-Brightwood CDC, listed properties obtained in the 2022 tax sale — including 2749 Station Street, 2873 Stewart and 4500 Hillside Avenue — and said several 2023 acquisitions also have project agreements in place. Buchanan told the commissioners the CDC received a $20,000 Urban League Round 4 grant to…
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