Rural Street Comprehensive development project
MBCDC’s Rural Street Comprehensive Development Project is a part of the Martindale Brightwood Education Zone (MBEZ) and Housing Village priority. To ensure the increase and preservation of affordable housing in the area, our plans include building new affordable housing units on vacant lots, expanding an existing community garden to include a learning pocket park, and providing significant repairs and upgrades to the current housing stock on the block. The project is focused on rebuilding without displacement of current residents so that families can reside in safe and quality affordable housing while engaging in community building activities with new neighbors. There is a need for a maintenance and sustainability plan to be put in place, not just a few bandages. This project is designed for neighbors to participate in the maintenance of the community greenspace - Heritage Community Garden and Pocket Park. This initiative includes empowerment focused community workshops offered by HealthNet, Inc., and other MBCDC partners on a variety of economic, health, and wellness topics.
New construction of rental housing - Transitional studio units
MBCDC plans to develop eight Transitional Housing units for homeless and other youth (18-25 years old) transitioning into employment. Targeting young adults who have a primary nighttime residence that is a public or private place not designed for, or ordinarily used as, a regular sleeping accommodation for human beings. Youths who are living in cars, parks, public spaces, abandoned buildings, substandard housing, bus or train stations, or similar settings. Pregnant female youths that fall in the above category, and youth who have been abandoned or forced out of their home by parents or other caretakers. The 2020 point-in-time count shows an increase in chronic homelessness, with 54% being African American despite the fact that African Americans only make up 28% of the Marion County population. The development will be a two-story building with four units on ground level and four units on the upper level. The units will be a studio type unit with a bathroom, kitchenette area, and sleeping area. MBCDC will provide supportive services and connections to the community-based supports young adults need in order to keep their housing and avoid returning to homelessness.
New Construction of Townhomes for Homeownership
This area has been plagued by disinvestment for decades, the number of rehabs and sales in and around the 2400 block or N. Rural Street between March 2019 and March 2021is one. It’s time for new development. MBCDC plans to develop four new, quality, affordable townhouse units for low-income families. Targeting low to moderate income families that are currently rent burdened. The development will be 2 duplex buildings with two 2-bedroom and two 3-bedroom units.
MBCDC is looking to obtain resources to fund a concentrated effort to provide home repairs to the existing homes on the 2400 block of N. Rural St. This is holistic approach to revive the entire block. MBCDC intent is to use the City of Indianapolis Owner-Occupied repair program to complete repairs on a year-round program so that we can better meet the tremendous need for repairing homes to safe spaces and preserving the aging housing stock.
Heritage Community Garden, a Place for Learning and Growing!
Developments for this garden and pocket park include landscaping, adding seating and pathways for outdoor classes and partnering with HealthNet and other resource providers to deliver a variety of workshops for residents. Plans include creating safe and accessibility structures, like ramps, produce and flower bed and lighting making this greenspace a welcoming place for outdoor serenity. Along with the garden and socially distance seating, this project offers classes on nutrition, mental & physical health, COVID Recovery awareness and financial literacy programs.
This space will be the only open recreational space within a half-mile radius. This makes it suitable for the elderly and children who would not walk that far to access other parks. Small businesses will also benefit from selling their produce, arts and crafts at the park.
MBCDC partners with the City of Indianapolis, local financial institutions and community organizations to coordinate homeowner repairs for all residents - including roof repairs, replacing flooring, installing new counters and making homes accessible and safe. This is a first-come, first-serve program based on household income. Please feel free to contact us for further program requirements and details.
- We have reached our capacity for FHLBI applications. Please see list below for other participating FHLBI Member institutions.
- Processing of applications expected to start May of 2021
- First-Come First-Serve Basis
To connect with us regarding Homeowner Repairs, please contact:
(317) 924-8042 x402 | firstname.lastname@example.org
FHLBI 2021 Funds Exhausted - FHLBI 2022 to be announced.........
Martindale Brightwood LIFT Indy Award Homeowner Occupied Repair
- Brightwood Education Zone Housing Village Initiative will be led by the Edna Martin Christian Center and will provide wraparound services and programming, such as employment and career coaching, financial coaching, credit and asset-building programs, and adult education programs.
- Martindale Brightwood Community Development Corporation will lead a Homeowner Repair Program to provide residents resources for roofing and gutter repairs; sidewalk, porch, and patio repair; accessibility; siding repair and replacement; window repair and replacement; insulation; HVAC replacement and repairs. *
- Renew Indianapolis will preserve affordable housing for current homeowners through the Edge Fund - Mortgage Refinance Loan Program that will enable long-term residents to continue to enjoy their neighborhood.
- Renew Indianapolis will lead the Edge Fund-Affordable Mortgage Loan Program, will help make homeownership more attainable through below-market rate mortgage loans for up to 10 low-to moderate income homebuyers in the neighborhood.
- Renew Indianapolis will lead, and MBCDC will assist with a New Construction Homeownership Program that will create homeownership opportunities for at least 10 low-income households.
For information or to schedule an appointment, contact:
Amina B. Pierson
(p) 317.924.8042 Ext. 1
INDIVIDUAL DEVELOPMENT ACCOUNT
SAVE $1 AND GET $3 MATCHED TO HELP BUY A HOME!
An IDA or Individual Development Account program assists low-moderate income Hoosiers attain their goals through matched-savings incentives and financial education. Operating behind the rationale that income alone is not enough for individuals to break trends of generational poverty, the IDA program focuses on asset building as a key component towards family and self-sufficiency. Participants in the IDA program are eligible to receive up to $4,500 in state match funds towards one of the eligible asset goals mentioned above. Participants also receive one-on-one counseling and 6+ hours of financial education covering topics such as budgeting, savings, credit, banking, taxes, and other money management strategies.
WHAT CAN I DO WITH AN IDA?
Qualified participants set savings goals and make regular savings deposits. Every dollar they save is matched, at a minimum for $3 for every $1 saved, to help them reach their goals so they can:
- Purchase a primary residence located in Indiana
- Expand a small business located in Indiana
- Obtain education job training
- Make essential repairs to owner-occupied housing
- Purchase a vehicle for employment, education, or job training purposes
APPLY TO START AN IDA
Download and print the application below and return with required documents to our office at 2855 North Keystone Avenue, Suite 130, Indianapolis, IN 46218. You may also come to our office for the application and assistance filling it out. If you have any questions please contact Keysha Toran, Program Coordinator at (317) 924-8042 or email@example.com.
PLANS FOR NEW AFFORDABLE HOUSING