Counselors support Southern Avenue project for 200 affordable housing units

The Metropolitan and Economic Development Committee of the Indianapolis City Council convened on July 14, 2025, to discuss a significant housing project aimed at revitalizing a neighborhood through the introduction of affordable housing units. The meeting focused on a proposed pilot project that would develop 200 units on Southern Avenue, which has garnered support from various community stakeholders.

The discussion began with a presentation highlighting the project's alignment with the needs of the surrounding neighborhoods. The developer emphasized that the project was designed in collaboration with local residents and community leaders over the past year, aiming to create a development that fits well within the existing community fabric. The committee members expressed their support, with Counselor Gibson praising the initiative for its potential to enhance the standard of living for residents who have deep roots in the area.

Counselor Hart raised a critical point regarding the implications of new residents moving into Marion County versus those already living there. He noted that attracting new residents could positively impact the county's tax base, while retaining current residents would maintain the status quo.

A key topic of discussion was the definition of affordable housing. A representative clarified that affordable housing, particularly in the context of Low-Income Housing Tax Credit (LIHTC) projects, is typically defined as housing for individuals earning no more than 60% of the area median income. For the project in question, this translates to a maximum income of $44,000 for a single person. The committee also discussed the rental rates, with one-bedroom units priced at approximately $1,200, which aligns with the established guidelines for affordable housing.

The meeting concluded with a consensus on the importance of the project for the community and a commitment to moving forward with the pilot initiative. The committee plans to continue engaging with stakeholders to ensure the project meets the needs of the neighborhood while adhering to affordable housing standards.