INDIANAPOLIS — The Old Southside, located just south of downtown Indianapolis, was selected as the City’s second Lift Indy investment area and will receive an anticipated $4 million over the next three years.The Old Southside joins Monon16 as the second Lift Indy area.
The City of Indianapolis designates a new Lift Indy area through a data-driven and competitive process. The selected area will receive a significant portion of two U.S. Department of Housing and Urban Development grants – the HOME Investment Partnerships Program (HOME) and Community Development Block Grant (CDBG).
This strategic investment of public funds aims to support the growth of economic development opportunities, the preservation and development of quality affordable housing, creative placemaking, availability of social services, infrastructure, public amenities, and other aspects of quality of life that make up a complete neighborhood. The funds will be focused in areas where public investments could help realize market potential.
The Old Southside revitalization projects were selected from seven Lift Indy applicants by a selection committee consisting of leaders from the City, non-profit, and business communities.
In addition, the Mayor has named the Old Southside Neighborhood of the Month for November.