The Chairman Maggie Lewis.

Thank you all very much.

Let's begin with the first uh item uh on our docket, and that is proposal number 123, which reappoints Greg West to the Metropolitan Development Commission.

Mr.

West, available.

Yes, hi, thanks.

Greg West, 2011 Timber Hill Trail, Indianapolis, Indiana, 46217.

All right.

Could you tell us why you would like to be reappointed?

Well, I've been doing it for a year.

I just love it.

We're of working with uh John Dylan, our leader and with Megan and the planning uh uh the staff, you know, the the DMD, and um uh perfect attendance as far as that goes, always show up, always try to ask questions to to figure it out sometimes what's really going on when it's not quite clear, and um uh yeah, just love to support the cause.

All right, very good.

Are there any questions of Mr.

West from members of the committee?

Please, Council Brown.

Thank you, Mr.

President, Mr.

Chair.

Uh thank you, Mr.

West, for your willingness to serve.

Uh as you may have seen a week ago, this council unanimously passed a special resolution asking the Metropolitan Development Commission to institute a temporary stay on new data center applications until such time as the SE 47 gets finalized and approved.

Uh if reappointed today, would you honor that request from the council?

And can you say any more about your your feelings about that?

Yes, I think that's uh fine and good to uh do that.

Uh clearly I see that the staff struggles to cubbyhole the data centers.

They just don't quite fit in any of the categories.

They're special, and in the two that I uh sat in front of, is that the way to say that that um uh it was uh just a struggle.

It's a struggle for the community.

Uh it's a it's a tough decision.

And so some guidelines coming forward and a pause to establish those guidelines would be most welcome.

Good.

Thank you very much.

Additional comments or questions from members of the committee.

Right seeing none.

Is there anyone in the audience um with an interest in proposal number one two three?

Seeing none, I'll entertain a motion.

So moved.

Second.

All right.

Motion is improperly moved and seconded.

All those in favor, please signify by aye.

Aye.

Any opposition, please with a nay.

All right, very good.

Mr.

West.

Thank you.

Thank you very much.

Appreciate it.

Yes.

Next item on our agenda is proposal number one two four, which approves an additional appropriation of forty-two thousand dollars in the 2026 budget of the Marion County Recorders Office.

County Recorders Perpetual Perpetuation Fund to be used for property fraud and veterans honors and advertisement.

Is there anyone to speak to proposal number 124?

Well, that's that's just standing.

Um Madam President, Mr.

Chairman, I move that we postpone proposal number one twenty-four to the next uh committee hearing.

I'm not exactly sure of that date.

Yes, can you provide us a date?

All right, very good.

So I I move that we postpone the proposal to the next meeting Monday, May June 8th.

Very good.

All those in favor signify by saying aye.

Any opposed?

Nay.

All right.

Motion carries, and thank you very much, Madam President.

Next item on our agenda is proposal number one two five, which approves an additional appropriation of two hundred and fifty thousand dollars in the 2026 budget of the Department of Metropolitan Development, the redevelopment general and consolidated county general funds for the vacant to vibrant program.

Good evening.

Uh thank you, Chairman and members of the committee.

Uh my name is Megan Vukasic.

I'm the director for the Indianapolis Department of Metropolitan Development.

I'm here to go over proposal 125.

And joining me is also Deputy Director Jenny Foltz.

Uh so today's uh proposal is related to our vacant to vibrant program, and so just wanted to provide some information on this program before I go over today's request.

Uh as a reminder, we rebranded our land bank last year uh to the vacant to vibrant uh branding, and we launched it in 2025 and we brought that back in house, our land bank program.

And so that program launched in April of 2025, and so since that time we've approved uh 96 sales through that program.

We have received a hundred and eighty-three total applications.

Um of those ninety-six approved sales, sixty were for affordable housing.

Thirty-two were standard market rate sales, and four were home set homestead or side lot sales.

Uh so we've seen a lot of success uh from that program.

And as a reminder, MDC, the Metropolitan Development Commission does approve all of those sales transactions.

The average uh standard homestead price, standard and homestead price is around $22,000.

So that's on average what those lots are selling for, and then the average affordable housing sale price is around $5,000.

And shown here is an image of one of the homes uh that was uh redeveloped through the vacant to vibrant program, and that is a home that is in council district eight.

So the request before you all tonight is a request for $250,000 in character three.

Um, some of that will be coming from the consolidated county general fund and some from the redevelopment general fund.

We've identified a total of alleged eleven structures on properties that are owned by the Department of Metropolitan Development that are ready for demolition.

And so those addresses are listed here.

We've also have a map identifying where those properties are located.

Um, but we'd really like to move forward with demolition uh to get those lots ready for resale.

And so those are the addresses.

Um, and those are this funding is being afforded from closure of prior year obligations and would have no impact to the current year fund balances.

We are happy to answer any questions that you all have.

Thank you very much, Director of Kasich.

Any questions for members of the committee?

Um President Lewis.

Thank you.

Thank you for your presentation.

Just briefly, if you can tell us like which townships or which districts those houses are located in.

I don't have that off the top of my head.

Um we have the addresses here.

I can if you give us I can follow up with you after this on which I can do as well.

Thank you.

Additional questions.

Council Hard.

Thank you, Mr.

Chair.

Um, my question is how many unique buyers are have been part of this program.

How many buyers?

Yeah, like unique ones that are that are coming in and you know doing the renovations.

We're just trying to get a feel for you know how many is it the same group of people?

Is it like one or two people?

Is it a dozen?

How many?

I don't know if we have the unique uh how many unique individuals um have purchased these.

We have 96 approved sales.

I mean, some of those are through, let's say Habitat for Humanity.

We partner with them a lot, and so they would be someone who you know has has done multiple properties.

Uh, we do have our administrator of real estate, Piers Kirby.

I don't know, Piers, if you have any insight.

Hi, good evening.

Yeah, so to answer the question, uh, it is dozens of different applicants.

Um, there have been multiple uh applications in the same entity, though.

So it's a healthy mix, it's not one or two people who are applying.

Um it is portable housing developers, for profits, um, neighbors who have a uh side lot application request.

So it's I can get you the full list if you like.

Uh you know, I just think there's an opportunity if it's not already existing to maybe partner with the Office of Um Women and Minority Business Owners and see if there's an opportunity to help maybe promote some of the the smaller uh firms that exist in the city for an opportunity on these houses.

So that was really the basis of the the thought.

Yeah, we'd be happy to do so.

Absolutely.

Very good.

Thank you very much.

Um, Councillor Gibson.

Thank you.

Yeah, thank you, Mr.

Chairman.

Uh I want to applaud uh the city for this initiative to put more housing on the market.

I think even primarily uh you bring in uh properties and putting them back in the property tax roles as well, so bring in more money into uh the help with city services.

So I I'm grateful for that and uh ask my colleagues to join me and uh support his recognition just today.

Thank you.

Very good.

Uh Council Brown.

Thank you.

Uh totally agree with everything Council Gibson just said, and took the words right out of my mouth.

I also wanted to say at least one of these uh demolitions, I think is in my district, and it's uh the site that I'm thinking of is desperately needs it, and so I think that'll really help um the whole neighborhood turn around.

I also just wanted to say to Councilor Hart's point, uh I appreciate I think I assume I have you to thank Piers or other DMD staff.

Uh the Victor Vibrant team has sent counselors emails showing who the prospective buyers are to allow us to kind of raise red flags or or warnings if it turns out not to be a good community partner that has been working well with others, which I really appreciate, uh, and it's also helped introduce me to new small developers who are trying to get off the ground.

So um I really appreciate that spare collaboration as well and would also urge my colleagues to support this proposal.

Thank you, counselor.

We could counselor Delaney.

Thank you, Mr.

Chair.

Um I was hoping that uh Director Vukasic that you could tell me how widespread a problem is of homes that need to be torn down.

Like, is there a a backlog list of properties?

And if there is, how how long is that list?

Um yeah, I can take that one if that's okay.

Um, Jenny Foltz, Deputy Director for the Department of Metropolitan Development.

The majority of the properties that we own in the Vacant to Vibrant program are vacant lots.

We don't own a lot of homes, so um, we do not anticipate a big backlog.

These are the properties that we currently own, and this would take care of the demo needs of the properties that we currently own.

Thank you.

Absolutely.

Very good.

Any additional questions?

All right, is there anyone in the audience with an interest in proposal number one two five?

All right, seeing none, I'll entertain a motion.

So moved.

All right, motions and properly moved and seconded.

All those in favor, please signify by saying aye.

Any opposed nay.

Thank you very much.

The next item on our agenda is proposal number one two six, which approves a payment in lieu of taxes, a pilot as provided in IC 36-3-2-12 for an affordable housing project being financed in part with low-income housing tax credits, known as Central at Old South Side, consisting of 227 affordable housing units for low-income residents located at 1406 and 1419 South Capital Avenue and 1472 South Illinois Street in District 18.

Please.

I'm with the Annex group uh here to speak on this project.

So it was just about a year ago, I think when we were someone else from our organization was before your group and uh requesting the pilot, and there was a commitment made is we were just uh getting started with the project development, and uh now we're back.

We've advanced that and are asking for for that uh pilot to actually be approved.

Um, next slide.

Uh, just a little bit about the annex group.

If you uh refresh your memory, we're a local developer here.

We're we're active in multifamily housing and really focused on affordable projects um primarily, although also active in uh student housing and workforce housing space.

Um the statistics here were updated from our website, so you probably a little bigger numbers than where we were a year ago, is we're we've been seeing a lot of uh development activity and growing um our portfolio.

Uh next slide.

So in Indianapolis here, this uh location is on the south side, but uh we have another project.

We're uh just on the front end, considering on the west side and up on the northwest side uh of property that we acquired.

Um so this would not be our only uh project here locally.

Next slide shows kind of an aerial of where this is in context uh west of the site uh down towards the the white river um to the uh we're south of the uh inner belt there, I guess.

70, I'm not sure what you call it.

I'm from Cleveland, so um just just south of Lucas Stadium and a little bit Stones Throw from uh Kelly Park and off to the east on the other side of Meridian and Sacred Heart Church, so just context of where this site is at summary of the project it's a 227 unit uh affordable housing project 100% affordable and two four story buildings and so this is a four percent light tech project and with the support of the pilot helps put together the capital stack needed to make the project viable we do have several amenities in the project a community room fitness room uh computer facilities and on site um community pantry um on site leasing and management offices and outdoors uh there'll be some community garden space we have playground and a dog park all planned this next slide is kind of a site plan here the two buildings uh situated on a kind of unique shaped piece of property there south of Arizona Street kind of south end of uh capital and um with also a second driveway uh access off of Illinois on the east side that driveway we included floor plans of the buildings can mix of one two and three bedroom units um across both the 60% and 50% AMI thresholds and parking on site parking for of 227 spaces so one per unit there next slide or some rendering so on the lower left there is kind of from the west end of the site looking in towards the project building A on the larger building on the left and building B a little further off in the to the right on the upper right there is uh interior looking between the buildings of kind of some of that playground space and open space that's created in that area between the buildings and um another view across the playground towards building a which is the leasing office and uh those common spaces in that building elevations of the buildings we did have the project uh reviewed by the city architect and I think they're satisfied now with the architecture and so this to recap here the request here is to approve the pilot uh which is also has a community benefits agreement component um the the pilot payments you know will increase 15-year term and and does provide a significant tax savings to help make this project viable our commitments are to you know build it out this uh project in in support of the old south side community um housing needs it'll be a hundred percent affordable project for 30 years we do have uh resident services plan and eviction prevention plans is part of our operations we'll we will hold the property where we develop construct and and uh own and operate so and then we have a slide here kind of outlining some of those community benefit um programs that will be available um read through those we have the on-site food pantry we have some partnerships with different organizations at financial uh kind of counseling support um wellness healthy lifestyle exercise type programs uh we do have the fitness center community garden um and community computer center all on site in support of those different initiatives and and then we have a summer youth reading program and the last bullet there youth art craft programs with in gardening with uh all with the youth, that's this photo on the upper right from another site but that we do try to engage residents and um provide some of those uh services to them.

There will be annual compliance reporting just to make sure that residents are participating and engaged in these in these programs.

So with that, I'm happy to answer any questions.

Thank you very much, Mr.

Fry.

Are there any questions of Mr.

Fry from members of the committee?

Council Brown.

Thank you, Mr.

Chair.

Thanks, Mr.

Fry for the presentation.

Uh, product sounds great.

I love 100% you know, affordable for 30 years.

I'm just curious, after I mean, given that the pilot agreement itself only lasts 15 years, what holds you to that commitment starting in the year 16?

There is with the with the tax credits, those are also for 15 years, but there is that long-term term uh you know requirement to maintain that.

So that's like an IHCDA LITEC commitment rather than okay.

Thank you.

Very good.

Additional questions, all right.

Seeing none, is there anyone in the audience with an interest in proposal number 126?

Seeing no one, I'll entertain a motion.

So moved.

Project's proposal has been properly uh moved and seconded.

All those in favor, please signify by saying aye.

Any opposed?

Nay.

All right.

The ayes have it.

Thank you very much, Mr.

Fry.

Thank you.

The next item on our agenda is proposal number one two seven, which directs the city county council to accept for the record the 2026 submission for the 2025 calendar year of the tax increment finance um uh TIFF district financial report pursuant to IC 36-7-15.1-36.3.

Is there someone here to speak on this proposal?

Mr.

Chairman, I move that we uh postpone this proposal to the next schedule metropolitan economic development committee meeting.

Motion is improperly moved and seconded.

All those in favor, please signify by saying aye.

Any opposed nay?

All right.

I have it, we shall postpone this until our next scheduled meeting.

The next item on our agenda is proposal number one six zero, which approves a payment in lieu of taxes, pilot as provided in IC 36-3-2-12 for an affordable housing project being financed in part with low-income housing tax credits, pursuant to section 42 of the internal revenue code of 1986, as amended, known as West Park, consisting of 40 affordable housing units for low-income residents on the PROSA located at 2302 West Morris Street in Indianapolis, and that's in District 17.

Please.

Thank you.

I show you in control of the slides, okay.

Thanks.

Um, good evening.

I'm Nick Sarak with Englewood Development, and uh behind me is Lisa Laughlin with West Indianapolis Development Corporation, who will be the owner of this development.

Uh, just to give you a little background, um, we are a small uh family-owned affordable housing developer.

This is I'm a second generation affordable housing developer.

We're based here in Indianapolis.

Uh, we also have a property management arm as well.

We manage about 2200 units in the state of Indiana, Illinois, and Arizona.

Uh West Indianapolis Development Corporation is a 501c3, obviously located on uh the west side of Indianapolis and focuses on affordable housing um rental and home ownership opportunities.

Uh if you could flip to the next slide.

So, as you noted, this is a 40-unit affordable housing development.

Um, we applied for loan capacity and tax credits last summer and received an award this November, and we are targeting uh this September as uh this financial closing and the construction start of this project.

Eight of the units will be set aside for households and with a member who has an intellectual or developmental disability, and IHCDA has awarded us a project-based rental assistance contract to support those units to make them affordable for people at very low income.

I think it's important to point out that this particular neighborhood um only has two previous tax credit developments, and the most recent one was 25 years ago.

So basically, it's been over a generation since there's been any new significant development here.

Um so I think that kind of highlights the importance of this project.

Um it's also important to note that the city has invested over twelve million dollars in streetscape and infrastructure improvements along West Morris Street, starting on Harding, and then basically terminating right in front of this building.

So it's been kind of prime for additional development.

So this is kind of the anchor on the west side of this of the uh of the neighborhood.

If you could go to the next, there we go.

So this is a small aerial.

I think it's and you'll see on the next slide with the site plan.

But West Indianapolis Development Corporation is actually purchasing the entire parcel, not just the area in red.

That's where our building will be located, but the area to the north will be the home of townhomes that uh West Indianapolis will develop as well as some homeownership opportunities through Habitat for Humanity.

You go to the next slide, you can take a little bit of look there.

Obviously, it's tilted on its side, so the south would be on the left hand side, but you can see we have sort of an L-shaped building, and then you can see directly north, those will be townhomes, and then on the right hand side, which is actually running east to west, those will be developed by Habitat for Humanity for single-family homeownership.

All right.

Here's a rendering of the uh development.

We um consulted with the community extensively on the project design, and we presented multiple charrettees and looks for them, and this is what was produced of it, and I and I can tell you that was unanimously the favorite of all community members that were present.

Um, there is no vinyl on this building.

This is what you're seeing there with gray is stack stone.

Uh we have uh cement fiber board, and we also have masonry on the building as well.

All right.

So the total project cost is just over 12.4 million.

Um, the majority of this is from investor equity uh via the tax credits.

We also receive a $500,000 soft loan from IHCDA.

Uh there's a $2.2 million permanent mortgage.

Uh, we are putting some of the developer fee into this project as well.

The only resource we're requesting from the city is the pilot.

We did not ask for any home or any other sources for this project, and then as I mentioned before, we do have a project-based rental assistance contract from IHCDA for the IDD households.

And here's a little chart just showing the unit mix by area median income set aside as well as unit type.

Uh, the project is predominantly one in two bedrooms, we have a few three bedrooms.

Uh, but I think it's important to point out that we half of the units are at 50% or below the area mean income to serve a bit deeper rent targeting than you would have in a typical development.

Uh so we have a list here of some of the typical amenities or management provided amenities that we have.

Uh, there'll be free Wi-Fi throughout.

We have a monthly community newsletter, and we will also be working with West Indianapolis Development Corporation on that because they also have a newsletter that kind of keeps all their residents as well of ours abreast of happenings in the neighborhood or opportunities to partner with service uh providers.

Uh, the property will have a full-time uh property management staff on site.

Uh we also have a 24-hour-a-day emergency phone number that residents can call if there is an issue.

So there's always someone available to deal with any issues that come up at the site.

Um, and then we also provide all residents with a move-in packet that has a list of all the service organizations that we have in uh a partnership with, so they're aware of what those are at move in, and they can also always come to the property manager to explore how they can connect with those.

Okay, next one.

This is an additional list of other services that we will pursue as part of our application for tax credits.

We made the commitment to IHCDA that we would pick from kind of a menu of uh potential services.

Um we have to provide at least eight of these, and so we will engage with various service providers on that as we move through the development.

Um, I have a list of bullet points here of sort of the typical services that we would have that includes things like nutrition classes, resume building, um, tax preparation assistance, sometimes home health care, peer support groups, utility assistance, transportation assistance, things of that nature.

If you can go to the next slide, I also provide some information here about the services that IDD households can expect.

We are partnering with Noble of Indiana as our supportive service provider, and we have an MOE with them in place already.

Um, obviously, this is a more intensive sort of service program.

We expect them to be on site regularly.

Case managers will be there.

A lot of the services that they will need to provide to those households will be on an ongoing and perhaps daily basis.

Okay.

Alright, and on to the pilot uh requests.

So this is an important financial tool for projects like ours.

Uh it helps fill some of the financing gaps by us being able to afford a larger mortgage.

It's also a scoring consideration for IHCDA when projects come before them.

They use a scoring system to decide who wins, who loses, and if you can demonstrate that you've leveraged significant local resources, that helps you a great deal.

And so that was part of their consideration when they decide to approve this project.

What we're requesting is a payment limit taxes that comes to 250 dollars per unit per year, it will trend at 3% annually and continue for 15 years.

And at last, there's just a short timeline here, assuming uh we are approved in June.

We plan to start construction in September.

Uh we'll start pre-leasing these units in September of 2027.

We anticipate the building to be done by the end of 2027, and based on uh demand, we believe it'll be fully leased by April of 28.

So with that, I'd be happy to take any questions you may have.

Thank you very much.

Questions from counselors?

Council Barth.

Thank you, Mr.

President.

Um, I appreciate the uh the partnership with Noble Center.

I'm a big supporter of them.

They do really high quality work.

When it comes to individuals with IDD, however, they have the right to choose their own service providers.

So have you um made allowances for as someone moves in and they decided to change uh service providers?

Are you gonna be accommodating to uh some other nonprofit?

A hundred percent.

We can't we can't have an exclusive agreement.

They're just there as a primary, uh they'll serve also as a referral agency as well.

As you know, there's probably there's some criteria that you have to meet to be considered IDD, and so we are required to work with Noble or other service providers to source those tenants.

And are you anticipating that these are all going to be um uh waiver covered services for the housing, or are these some other sort of things?

I think they they often are covered by that, yes.

And then have you looked at uh Marcy Village over at Lawrence as a model because they they do similar work and they've been incredibly successful for like almost 30 years.

I'm I am aware of them.

I haven't spoken personally.

I it sounds like you have a different model, but I think it would be worth your time in uh checking in with them because they really pioneered this kind of a model of uh um mixed use uh lending in opportunities for waiver covered services for people with IDD.

Um they did it over at the fort um when the fort was being redeveloped and probably the the model for the in in the entire state.

So that'd be uh that'd be worth your time.

Yeah, uh, you know, just to uh to build on that, um, we're required to undergo kind of best practices training through IHCDA because we did have this award and it has IDD households.

So we will be attending that in June.

I've been through it once before.

I have a project on construction in northern Indiana that's also serving IDD folks.

We have cardinal services up there.

So it's something I've got some familiarity with, but you know, we will be engaging further with IHCDA and experts in this area as well.

Yeah, Cardinals also another high super high quality.

All right, thanks a lot.

Appreciate it.

Very good.

Additional questions.

Sorry, Council Gibson.

Thank you, Mr.

President, and uh thank you for your presentation today and uh always willing to support someone who's trying to bring more affordable housing into the city.

Uh my question for you this evening is uh regards to you have to have menu of uh community services.

You mentioned that you have to pick uh minimum eight.

What happens if you don't land on a what kind of what for reinforcement measures to make sure you land on these eight?

They could take my tax credits away, which would present a enormous fiscal problem for me.

So you'll be delivering then I'd imagine.

Yeah, I'm highly incentivized.

I guess I'd put it that way.

I mean, as you saw maybe in the capital stack uh nine million plus of the 13 is due to that.

So if that goes away, I've got an issue.

Very good.

Council Cahill.

Thank you, Mr.

Chair.

Uh yeah, I am also fascinated by this uh uh IDD uh focus, and I'm wondering if we I guess I'll preface by saying we this is one of the most extraordinary shortage of housing types that we have uh here, and I and I think that's true kind of nationwide.

Can you speak on how did that come to be?

Did you approach them?

Did they approach you?

How did how did this happen?

And how do we get more of this?

So actually, IHCD does have that as one of their official priorities for the nine percent tax credit program.

Um, just to backtrack a little bit, the there are actually two different affordable tax credit programs the nine percent, the four percent.

The previous uh presentation was the with a four percent, and that's non-competitive.

You don't you're not really in competition with anyone else for the nine percent program.

There's a limited number of them available every year.

Um, and so they come up with a scoring system.

They also have different buckets of credits.

Uh some of them are geographic, like large cities, so only if you're in Indianapolis or one of the other large cities, can you go after that?

But they do have a set aside for projects that serve IDD households, so they incentivize that.

Unfortunately, they're only able to fund two to three of those a year.

Um, then they also in turn so the rental assists that we get the section A11 rental assistance that'll support that.

They have a grant from HUD that supports that, um, and so they they have that secured far enough in the future that I think they're gonna continue to fund two or three every year for probably about the next 10 years.

Right.

I I guess my my question isn't that the tax credits exist.

I'm asking how how did you decide?

Did you look through the menu and go, well, that's attract that's attractive to me because that's what I need to do for the nine percent, or was there some other broader conversation that said this is this is what I see.

I mean, I so I have one under construction that we've pursued that um already, and um I just saw it as a need and an interesting project concept for me to become more familiar with, and if it's something that I feel works well, I will pursue more of them in the future.

I uh I will be reaching out to you because I I would love to discuss this even more.

So sure.

Feel free.

Very good.

Additional questions.

Council Evans.

Thank you, Mr.

Chairman.

Um I'm really excited about this project.

I know that you guys have worked really hard and on a separate conversation.

We should be as a committee talking about the difficulty for development in the city and how long this process is taking because I lived through their frustration somewhat through this.

Um, this goes back many years.

In part the community, West Indianapolis, Lisa Laughlin, many residents, Counselor Jones, uh worked to develop a infrastructure plan over there that uh I think was a 10 12 million dollar investment in Westmore Street.

Um, and this is a product of that, and it's good to see an investment occurring off of the public investment, and we're really excited about this, and it's good to keep that affordability in that community.

Uh West Indianapolis, um, my my family goes many many years there, and it just seems like it's a community that gets jumped over quite a bit.

So I'm excited to be a part of this.

And with that said, Mr.

President, I would uh motion that we move proposal number 160 to the full council with a due pass recommendation.

Alright, motion is improperly moved and seconded.

Um I should I think I might need to ask, however, if there's um anyone in the audience who would like to speak to it.

Uh is there anyone in the audience who would like to speak to proposal number um one six zero?

All right, seeing none.

Could we try that one more time, sir?

Lisa, you've worked so hard on this.

You sure you don't want to say a few words?

Nick did such a great job.

Sorry, Lisa Laughlin, West Indianapolis Development Corporation.

Nick did a great job of giving you the nitty-gritty and the nuts and bolts of what we're doing.

This project is so important for our community.

So thank you so much today for hearing us and for considering um the pilot for this project.

When Nick said that there had not been another low-income housing tax credit project in our neighborhood for 25 years.

Not only is that true, but we have very, very limited multifamily in all of West Indianapolis.

Um, and by that south of Washington, north of Raymond, White River to Holt Road.

The 39 unit uh uh senior building that we built in 1998 is one of those.

There's a 12-unit um old school conversion, and then there are two other buildings that have about 12 units each each in them.

We don't have multifamily, so this is a huge win for the community and for a neighborhood, and we've been in front of the neighborhood association, the majority of our board lives in the neighborhood or works in the neighborhood, and there is a lot of excitement and buzz about the opportunity for something new coming along on the heels of the Morris Street Redevelopment.

So thank you very much for your consideration today.

We all appreciate it.

Thank you.

Yes.

Councillor Hart.

All right.

So I just want to say I've met Lisa on a handful of occasions.

I got invited to a like a West Indy meeting because they liked some of the work I'd done on uh semi truck restrictions, which is also an issue I learned out on the West Side.

And I learned quickly about the folks on the west side of Indianapolis, have no problem in speaking up if they don't want to see something.

And the fact that there's nobody here remonstrating this uh says a lot, speaks volumes, but beyond that, Lisa herself represents a lot of good things for the community, and I'm happy to support it, especially seeing her as part of the project.

So I just want to take the opportunity to say that and say thank you, Lisa.

Excellent.

All right, any additional questions from counselors?

Seeing none, entertain a motion.

Second.

All right.

All those in favor, please signify by saying aye.

Aye.

Any opposed, nay.

Alright, that motion carries.

Um it looks like um we have hit the end of our agenda, I believe, for this evening.

So if there is no further business, I will entertain a motion to adjourn.

All right, very good.

I adjourned thank you.

I know.