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Neighborhoods on Edge of Becoming Indy's Next Hot Locale to Get a Nudge From the City

City will earmark $4.5M in HUD grants for Monon 16 neighborhood to spur private investment

(INDIANAPOLIS) - A new redevelopment push aims to rebuild Indianapolis one neighborhood at a time.

Indianapolis will set aside one-and-a-half-million dollars a year in federal block grants to try to push neighborhoods on the brink of success into taking off. Metropolitan Development director Emily Mack says the city will use real estate market data to pinpoint neighborhoods on the cusp of success, then invite proposals from community development corporations in those areas.

"Lift Indy" will start with a three-year focus on the Monon 16 area, which covers four blocks north of 16th Street between Kennedy-King and JTV Hill Parks. The city will earmark money for new homes, park improvements, and small business loans. Mack says the city will add one neighborhood each year, with the goal of lighting the fuse for more private development.

Mayor Joe Hogsett (left) announces the Lift Indy program at the future home of West Fork Whiskey Co., in a former grocery store at 16th and Bellefontaine. (Photo: Eric Berman/WIBC)

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