Indy receives millions from Hardest Hit Fund for abandoned homes

INDIANAPOLIS (WISH) – More than 100 abandoned homes in Indianapolis could be revitalized in the near future thanks to the $6.39 million the city received in funding from the US Treasury’s Hardest Hit Fund.

The city plans to use that, in part, to demolish about 160 homes around the city that have been tentatively identified. City officials carefully chose homes that can’t be rehabilitated in their current state and must be torn down. They also chose a partner to help rebuild the home after demolition.

One of the city’s partnerships is with Near East Area Renewal. It’s a non-profit that has already worked to restore or build 60 homes on the near east side. They plan to work with the city to rebuild the homes following the demolition.

“We really hope to transform this street and transform the value level through the demolitions coming through the Hardest Hit Funds,” said John Franklin Hay executive director of Near East Area Renewal.

Near East Area Renewal is hoping to help North Beville Avenue, near 10th Street, start to look like Jefferson Street nearby, where they’ve taken multiple homes and remodeled or revitalized them. They then focus on home ownership, not rentals.

Near East Area Renewal will redevelop 9 homes on North Beville alone before the end of the year.

As far as the other homes, the city has a 30 to 45 day notice period where they let residents know what their tentative plans are and then hear their input.

They say demolition could begin by late fall or winter for most homes. Some are on expedited terms and will be demolished sooner than that.

blog comments powered by Disqus