Latest news with #HomesfortheFuture
Yahoo
23-04-2025
- Business
- Yahoo
Thrive West Central presented with $5,000,000
TERRE HAUTE, Ind. (WTWO/WAWV) – A local program that helps pave the way for new home development in the region receives a financial boost. Vigo Count Commissioners and the Vigo County Council presented $5 million to Thrive West Central on Wednesday. The money, which comes from American Rescue Plan Act funds, will support Thrive West Central's Homes for the Future program. 'This funding has just been instrumental,' said Ryan Keller, Thrive West Central CEO. 'This $5 million addition to the $5 million with the City of Terre Haute, as well as the Wabash River's RDA $1.8 million, that we initially got a seed funding. All of that funding has been instrumental in really getting the housing market reset here in Vigo County and throughout the West Central Indiana region.' The Homes for the Future program offers incentives to homebuilders and developers to build new housing in the region. It offers homebuilders and developers funding to help offset project costs upon the completion of each home built. 'They've been working on this for the last year, handing out grants,' said Vigo County Commissioner Mark Clinkenbeard. 'We've seen a large increase in housing in the city and in the county, and it's doing just what we would have hoped it would do.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-02-2025
- Business
- Yahoo
Terre Haute mayor touts housing, parks, transportation
During his second State of the City address, Terre Haute Mayor Brandon Sakbun told a sold-out crowd at the Convention Center that 2024, his first year in office, was 'a year marked by progress.' The theme of this year's address was 'Building Better Neighborhoods.' Sakbun praised Thrive West Central's Homes for the Future program, which produced 379 new residential units in Vigo County in 2024. He also praised more aggressive blight elimination — the city demolished 90 eyesore buildings last year, almost double most previous years. Sakbun extolled the Community Crossing grant increase to $1.5 million last year, which will allow the city to pave 'more streets this year than we have in the past 10,' as well as add new sidewalks. And money from Indiana's Department of Natural Resources is helping to pay for park improvements at Rea Park, Herz-Rose Park and, soon, Fairbanks Park. 'Wherever you live, regardless of the zip code or the street, you deserve a quality park (nearby),' he said. Sakbun noted that in January, Terre Haute Transit system saw ridership increase by 52.5% over the same period in 2024, due to implementing fare-free bus services. Casino money replaces the revenue that fares would have taken in, about $174,000 annually. Gaming revenue also allowed the city to pay down $1 million in previously incurred debt, and will help support improvements to the Deming Park Pool and the YMCA. Sakbun touted the city's implementation of the Designated Outdoor Refreshment Area (DORA) ordinance, which will allow restaurant and bar patrons to enjoy their adult beverages in an area outside the venues. It was passed by the Terre Haute City Council in December, and the city will submit its application to the state by the end of the month. Sakbun crowed about the record innkeeper's tax revenue in 2024, a 6.83% increase over 2023. Despite the city's accomplishments, state and federal funding may soon be altered. The state is considering lowering property taxes, which would force cities to raise its taxes — and in some cases dry up completely, a point Sakbun was more blunt about in an interview after his address. 'We'll do more with less' will be a recurring theme in his administration, he said. 'We'll utilize outside funding sources instead of just property tax. We'll find other ways to fund these transformational projects. … Let's find ways to bring in outside dollars to grow our city.' During his speech, the mayor pointed out that the city received $9 million from seven grants out of the 14 it had applied for. Sakbun said, 'Are there challenges around the property tax conversation? Absolutely. But this community is resilient. We'll find a way to work with the state and we'll find a way to get the state to believe that a brighter Terre Haute is better for the entire Hoosier state.'
Yahoo
19-02-2025
- Business
- Yahoo
Thrive celebrates completion of housing project
TERRE HAUTE, Ind. (WTWO/WAWV) — There was a celebration Tuesday, for the completion of a new housing project in Terre Haute. Thrive West Central and the City of Terre Haute, presented over $77,000 to Wallace Building Contractors. The builder constructed eight homes on College Street through Thrive's Homes for the Future Program. Thrive West Central celebrates new housing development Assisted through funding from the city's ARPA funds, this money will help the builder offset infrastructure costs. That fund is used as an incentive for homebuilders and developers to construct new homes in the area. 'This is a phenomenal program. I think we're up to 288 housing units created here within the city of Terre Haute alone and that is somewhere around a $66 million private sector investment into our community and throughout the year of 2025 and 2026, we will continue to see those numbers just escalate,' said Ryan Keller CEO of Thrive West Central. Officials also say all eight homes built in this project are already sold. The first home is complete in Brazil as part of Thrive's Homes for the Future project Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-02-2025
- Business
- Yahoo
Thrive says City Homes College Street project now complete
Thrive West Central on Tuesday announced the completion of Wallace Building Contractor Inc.'s City Homes College Street project. This project consists of eight single-family detached homes. These homes have two to three bedrooms, one to two bathrooms and a one-car attached garage. The newly built homes are totally electric with energy-efficient appliances. All have already been sold, and new homeowners are currently residing in them. This project was made possible by builder Jim Wallace, Thrive West Central's Home For The Future program and city of Terre Haute ARPA funds. A Terre Haute City ARPA investment of $77,400 will support the infrastructure of this project and generate $1,478,000 in private investments, Thrive said in a news release. This project represents Thrive West Central's Small Build program within the Homes For The Future program. Since the Homes for the Future program's inception in August 2023, a total of 379 housing units within Vigo Co. have been contracted with $3,090,155 awarded ARPA funds and a return market value of $94,464,560, according to Thrive. The Request For Proposal (RFP) is an online, rolling application Homes For The Future RFP. Applications are reviewed, and awards will be made monthly. Applicants are encouraged to contact Thrive for a review of their project and application before submitting it to ensure accuracy, competitiveness, and compliance. For more on Homes for the Future, visit Thrive West Central's website and go to the Housing Resource Hub:
