Housing
Missing Middle Housing: Building a Bigger Pie for Black & Brown Neighborhoods and Developers
Aaron Laramore, LISC Indianapolis
Olon Dotson, PhD, Ball State College of Architecture
Jennifer Green, Partners in Housing
Michael "Misha" Rabinowitch, Dinsmore & Shohl, LLP
Indianapolis neighborhoods are experiencing a critical shortage of new affordable housing supply. Too little is being produced to meet the needs of LMI households, and affordable housing production relies on oversubscribed LITHC 4% Bond financed projects, which have high barriers to entry for small and mid-tier developers, especially Black and Brown developers. This circumstance persists despite the presence of hundreds of vacant residential lots, the most plentiful opportunity sites in Indianapolis neighborhoods, which are largely going undeveloped. This session will highlight the components of this challenge, share a response strategy, and engage participants in a problem solving discussion on implementation.
Partnering with Financial Institutions to Build Your Capital Stack
Mike Recker, FHLBank Indianapolis
Kristen Hodge, National Bank of Indianapolis
Jonathan Ehlke, Gratus Development
There are so many layers of capital that can go into a housing project. What types of funding are out there? How do you position yourself to get funding? When should you go to a bank to get funding? What are funders looking at to award your project funding? These and other common questions will be addressed by experienced bankers, funders, and developers in affordable housing.
Rural Housing Programs: How Knox County is Mobilizing to Prevent Homelessness
Mollie Ewing, CFS Corp
Tucker Smith, CFS Corp
McKenzie Young, CFS Corp
A consortium of agencies (nonprofits, churches, government officials, schools, and various stakeholders) joined together in Knox County, Indiana, over two years ago to begin discussions about the increase in homelessness at the intersection of a glaring lack of housing inventories. Since the local taskforce took form, a selection of programs and participants have found pathways to mitigate homelessness and better serve local families. In this presentation, CFS Corp will provide an overview on how to first engage partners, landlords, and then ultimately the homeless population to create a new service profile across a wide variety of community spaces. From building recovery hubs, exploring widespread WIFI, leveraging local landlord support, and explaining some of the nuances of employing housing specialists, the presentation will give participants a snapshot of what rural communities can do to begin strengthening the entire social service foundation by focusing on housing initiatives.