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The $10 million infusion will help create a 48-unit affordable apartment complex for low-income families and homeless young adults on the near-east side called St. Lucas Lofts.
An initiative that aims to revive Indiana Avenue is officially in the works.
The Indiana Avenue Certified Strategic Plan aims to redevelop and preserve the area along Indiana Avenue stretching north to 16th Street, east to Capitol Avenue, south to Military Park and west to the White River, Mayor Joe Hogsett said during a press conference Feb. 23.
The Department of Metropolitan Development on Thursday issued a request for expressed interest, or RFEI, which will allow the officials to gauge the appetite developers have to devise an overall plan for the Indiana Avenue neighborhood.
The project aims to unify residents, caretakers and developers throughout Indiana Avenue to breathe new life into the heart of Black Indianapolis.