Englewood CDC Receives $250K Grant for Carriage House Development

In Dec. 2018, Englewood Community Development Corporation received an Affordable Housing Program award of $250,000 from the Federal Home Loan Bank of Pittsburgh for a Carriage House Demonstration Project. The total project cost is $600,000 with the balance being partially supported through a HOME grant from the City of Indianapolis. The Carriage House Demonstration Project will result in the construction of five carriage houses, which are apartments built over two-car garages. The units will provide safe and affordable housing for a diverse population in rapidly appreciating neighborhoods in Indianapolis, Indiana. Four of the five scattered-site rentals will be targeted to individuals earning 50 percent or less of the area median income (AMI), and one unit will be targeted to an individual earning from 61 to 80 percent AMI. Three units will be reserved for individuals with special needs. The carriage house project will serve as a model for a future initiative to create affordable, integrated and inclusive housing for the city's residents.

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