Greenstreet Ltd. — Development, Brokerage, Consulting

Indianapolis Equitable Transit Oriented Development Strategies

Project Details

Known for its car-centric culture and sprawling suburbs, Indianapolis has had a substandard public transit system for decades. Soon, however, the city will be home to the first all-electric bus rapid transit (BRT) system in the nation. Expanding transportation options can improve physical and economic mobility for the city’s residents, but housing advocates and city officials must ensure that these opportunities are accessible to everyone, especially Indianapolis’ most vulnerable populations. This idea is known as Equitable Transit Oriented Development (ETOD) and is a proactive approach to provide access to jobs, healthcare, child care, and community amenities to individuals of all incomes. ETOD is focused on preserving existing affordable housing, preventing gentrification in transit-rich neighborhoods, and developing additional affordable housing in mixed-income neighborhoods near transit.

Greenstreet was commissioned by the Indianapolis Neighborhood Housing Partnership (INHP) to assess the issues and opportunities associated with implementing an ETOD Loan Fund to preserve affordable housing along the proposed BRT routes. Greenstreet analyzed the current supply and demand for affordable housing, projected the future needs within the planned transit corridors, and evaluated national best practices that can be used to advance ETOD in the Central Indiana region.