Which apartments in downtown Indianapolis are affordable?
A new study shows that most apartments in Downtown Indianapolis are available to low-income families with two adults and one child.
The study was conducted by the Downtown Development Authority, a government entity tasked with developing the city’s economic future.
The data was provided to The Indianapolis Star.
The researchers looked at four major metro areas: Detroit, Minneapolis, Cincinnati and Indianapolis.
The apartments they surveyed were not included in the study because they were all in the same area.
The results were based on a combination of data from census tracts, property-based rental surveys and other sources.
The Downtown Development Agency said it hopes the results will help guide the city on its future economic development strategy.
“There’s a lot of room for improvement,” said Downtown Development Director Marylou McAlpine.
“It’s important to know how much housing there is.
What’s the affordability of that housing?
What are the barriers to people being able to afford it?
The answer is not that much.”
The study included apartments from two of the largest apartment chains in Indianapolis, East Indianapolis Properties and Westlake.
The two companies operate under different brands and don’t provide a complete listing of units.
However, they each boast similar amenities, including kitchens, living spaces and outdoor dining.
For example, East is located in the heart of the city.
Westlake’s website says the area has “the most upscale neighborhoods in the area, with a wide variety of restaurants, cafes and shopping areas.”
Both companies have built or are planning to build a large number of new apartments.
However the Downtown development agency doesn’t provide an estimated number of units currently available.
“They are the only major metropolitan area that is still looking at building additional units,” said the Downtown developer, Andrew Nadelmann.
“So that’s a very good sign that there’s a long way to go in terms of making sure that the quality of life is in a place that people can afford.”
Nadelman is an architect with the firm McAlpine & Associates.
He said the study showed that a family of four with two children, ages 20 and 30, would pay $5,000 more for a unit in downtown Indiana than in Detroit, for example.
“If you can afford that, you can buy it,” Nadelbaum said.
However he also said the apartments being built downtown are not always available to families.
“I don’t think they’re available all the time.
The city has a long list of affordable housing options, including affordable apartments for the elderly and disabled, and for senior citizens, including apartments in the Downtown Eastside neighborhood. “
The city has a long list of affordable housing options, including affordable apartments for the elderly and disabled, and for senior citizens, including apartments in the Downtown Eastside neighborhood.
In the study, the authors said that if a family with a child were to live in an area with two-bedroom units and one-bedroom apartments, they would pay about $6,000 less a year in rent.
They also noted that families with children would pay more.
The median rent for an apartment in downtown is about $2,400.
The authors also pointed out that the downtown area’s high cost of living and proximity to downtown, such as the interstate, means that many apartments in town are not available to lower-income households.
The development agency said it would continue to work with developers and developers’ organizations to make sure that all of the apartments are available and affordable.