INDIANAPOLIS — The Indianapolis Neighborhood Housing Partnership (INHP) and city officials recently broke ground for a 33-unit townhome development at 2434 and 2444 Winthrop Ave., which will offer market rate and affordable housing for homebuyers earning up to 80% of area median income. The townhomes will be named Arnold Place in honor of centenarian Albert Arnold and his family who have resided near the site in the Reagan Park neighborhood for more than 69 years.
Arnold Place will sit on .92 acres of land which had been the site of Colonial Bakery Company’s truck maintenance facility. It is one of four parcels in the City of Indianapolis’ 25th and Monon Vision Plan outlined as opportunities to transform formerly blighted properties into productive neighborhood assets.
The site will be one of the largest affordable homeownership projects in Indianapolis in decades, and it is the largest multi-unit, single-site project for INHP since it began developing affordable homes in 2017. A majority of the 33 units will be reserved for families earning 80% or less of the area median income, as determined by U.S. Dept. of Housing and Urban Development. For Marion County, that translates to $77,350 annual earnings for a family of four.
Neighborhood leaders offered the idea to honor the history of the area by recognizing the Mr. Albert Arnold family which has resided in the neighborhood for approximately 69 years and has influenced the area’s culture, economy and faith communities.
At 101 years of age, Mr. Arnold continues to praise and advocate for the Reagan Park neighborhood: “You can always get a helping hand from someone in the neighborhood – that’s important. I live next to my granddaughter and several pastors from the neighborhood churches, and everyone does what they can to help build up the neighborhood. There is a lot of pride in the neighborhood.”
