Bridal CEO Hobbs urges council to support Canal Village 3 affordable housing project

The Indianapolis City Council's Metropolitan and Economic Development Committee convened on July 14, 2025, to discuss critical developments in affordable housing, with a focus on the Canal Village 3 project. Gary Hobbs, president and CEO of Bridal, addressed the committee, emphasizing the urgency of moving forward with the project to avoid jeopardizing its funding and timeline. He highlighted that delays could lead to the cancellation of the project, which is essential for providing affordable housing options to the community.

Hobbs noted that there are currently 150 individuals on a waitlist for affordable housing, underscoring the pressing need for additional three and four-bedroom units. He urged the council to consider the community's needs and support the project, which has already seen significant backing from local residents. The potential impact of further delays could increase costs for future residents, as necessary documents would need to be resubmitted, adding financial burdens to the project.

The meeting also acknowledged the presence of supporters and opponents of the Canal Village 3 project, allowing both sides to be recognized. Councilor Delaney encouraged community engagement by inviting attendees to stand and show their support or opposition.

In addition to the Canal Village discussion, the committee reviewed a proposal for the Chrismore Court project, which aims to preserve 40 units of affordable housing for seniors earning no more than 60% of the area median income. This initiative reflects the council's ongoing commitment to addressing housing needs within the community.

As the meeting concluded, the committee members expressed gratitude for the community's involvement and reiterated the importance of moving forward with these housing projects to meet the growing demand for affordable living options in Indianapolis. The council's decisions in the coming weeks will be crucial in shaping the future of affordable housing in the city.