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City of Indianapolis

INHP acquires more properties for affordable housing near IndyGo stops

July 29, 2019 |Hayleigh Colombo

Indianapolis Business Journal

The Indianapolis Neighborhood Housing Partnership has purchased three more sets of properties strategically located by IndyGo bus lines in its quest to spur the development of affordable housing near the routes.

The acquired properties—located at the former headquarters of retail developer Sandor at 22nd and Meridian Streets, the northwest corner of 25th and Delaware streets, and the northeast corner of New York and Rural streets—are the latest acquisitions in INHP’s $15 million Equitable Transit-Oriented Development Fund.

The fund was launched February in collaboration with Michigan-based Cinnaire, a community development financial institution with offices in Indianapolis, which will manage the fund. At that time, INHP announced it had already purchased 401 E. Southern Ave. near Garfield Park and 2163 N. Illinois St.

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City to repurpose some public golf courses

Indianapolis Business Journal

Indy Parks is grappling with the future of its 13 golf courses—a reassessment spurred by steady declines in revenue, less interest in playing the sport, and millions of dollars in needed facility upgrades in the coming years.

In addition to Riverside Golf Course—which Indy Parks said this spring will permanently close after this season as part of a massive public redevelopment along the White River—IBJ has learned that South Grove Golf Course also will close, though the timing isn’t set.

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