Nearly two years ago, Renew Indianapolis began partnering with IHCDA and the City of Indianapolis with the goal of ending homelessness in Indianapolis. Through the Edge Fund, Renew Indianapolis developed innovative loan products to help preserve and create affordable housing across the city while also integrating supportive housing into the developments. Through deep partnerships, our coordinated effort is having significant impact.
Constitution Gardens is an 72-unit apartment complex in the heart of the thriving Mapleton-Fall Creek neighborhood. With more than $3 million in financing from Edge Fund, Merchants Affordable Housing Corporation was able to acquire the property, preserving the affordable housing. In addition to preserving affordable housing, Merchants Affordable will be integrating 17 units of supportive housing into the project through a rich partnership with Rafael Health Center and Coburn Place. Addressing the challenges of affordable housing and homelessness requires focused, coordinated, and tireless efforts from a broad range of partners. Renew Indianapolis is proud to be part of such a dedicated group committed to helping the most vulnerable members of our community.
