A new, 57-unit subsidized apartment complex is under construction on the near northside of Indianapolis, after more than a decade of work by local leaders and developers.
The building, at 29th Street and Central Avenue, is expected to open in late 2026. The $19.5 million project is a significant effort to bring affordable homes to Mapleton-Fall Creek at a moment when the neighborhood is attracting more affluent residents and is at risk of gentrification.
“We are the most economically diverse neighborhood in the entire city, and that doesn’t happen by accident,” said David Bacon, chief executive officer of the Mapleton-Fall Creek Development Corporation. “We have to make intentional investments in affordable housing.”…