Sullivan Development proposes 74 affordable housing units in neighborhood revitalization effort

The Indianapolis City Council's Metropolitan and Economic Development Committee convened on July 14, 2025, to discuss a significant proposal aimed at addressing the city's affordable housing crisis. The meeting highlighted a project that will create 74 units of affordable housing, specifically designed for residents earning no more than 60% of the area median income.

Travis Vinsal from Sullivan Development presented the project, which encompasses two sites located at 30 Eighth Street and 20 Second and College. These sites, currently vacant or containing dilapidated structures, are set to be transformed into modern, quality housing. The initiative is part of a low-income housing tax credit project that was awarded last year, and it aims to provide both one- and two-bedroom units.

Vinsal emphasized the importance of community involvement in the planning process, noting that Sullivan Development has collaborated with local neighborhoods for over a year to ensure the project meets their needs. The proposed developments will not only enhance the housing standard in the area but also include amenities such as washers, dryers, and high-quality finishes.

In addition to providing housing, the project aims to support residents in their journey toward financial stability and homeownership. Sullivan Development plans to offer various services, including financial literacy classes, career development programs, and on-site resources to help residents build credit and prepare for future housing opportunities.

The total investment for this project is approximately $24 million, and it is expected to receive local government support through a pilot program that could alleviate some permitting fees, representing about 10% of the project cost. The committee anticipates that construction could begin within the next 30 to 40 days, pending final approvals.

This initiative represents a crucial step toward addressing the affordable housing shortage in Indianapolis, providing not just shelter but also a pathway for residents to improve their living conditions and financial well-being. The City Council's commitment to supporting such projects underscores its dedication to enhancing the quality of life for all residents in the community.