The company plans to build a 48-unit multi-family affordable housing community called St. Lucas Lofts on the near east side by New York St. and Rural St.
The community will be open to families earning 30 percent, 50 percent and 60 percent of the Area Median Income.
The city of Indianapolis contributed $2 million to St. Lucas Lofts specifically for the development of 10 permanent supportive housing units for the homeless youth of Outreach, inc., a nonprofit organization dedicated to helping homeless teens and young adults. “Housing is one of the biggest issues facing our city today. It impacts nearly every other major challenge that we face,” Mayor Joe Hogsett said."These are students finishing high school, these are first time job applicants, these are people hoping to stabilize long enough to begin earning a regular paycheck.”
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