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Thrive West Central presented with $5,000,000
Thrive West Central presented with $5,000,000

Yahoo

time23-04-2025

  • 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 This material may not be published, broadcast, rewritten, or redistributed.

Vigo County leaders, new homeowners celebrate completion of home program
Vigo County leaders, new homeowners celebrate completion of home program

Yahoo

time15-04-2025

  • Business
  • Yahoo

Vigo County leaders, new homeowners celebrate completion of home program

TERRE HAUTE, Ind. (WTWO/WAWV) — The successful completion of the Southard Homes Infill Project #1 was celebrated Monday by community leaders, marking a major milestone in the region's Homes for the FutureProgram. The event brought together Thrive West Central, in partnership with Southard Homes, LLC, the Wabash River Regional Development Authority (RDA), the City of Terre Haute, and Vigo County to recognize the addition of 15 new, energy-efficient, single-family homes on previously vacant lots throughout the City of Terre Haute. Developed by Billy Southard of Southard Homes, LLC, each home includes three bedrooms, two full bathrooms, and ranges from 1,100 to 1,200 square feet. All 15 homes have been sold, with new homeowners already moved in. 'This project is a testament to the power of local and regional collaboration,' said Ryan Keller, CEO of Thrive West Central. 'Through the Homes for the Future Program, we are not only addressing our region's housing needs—we're investing in families, neighborhoods, and the long-term vitality of Terre Haute. These 15 homes are just the beginning.' The project was made possible by funding from READI 1.0 and reflected the shared commitment of local, regional, and state partners—including the Wabash River RDA, Indiana Economic Development Corporation (IEDC), Mayor Brandon Sakbun, Vigo County Commissioners and both the City and County Councils. Bill Rennels of the Wabash River Regional Development Authority (RDA) emphasized the broader vision: 'This is what regional investment is all about—turning vacant lots into thriving neighborhoods and funding dreams that lead to real, tangible progress. We're proud to support projects like this that breathe new life into our communities.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Thrive celebrates completion of housing project
Thrive celebrates completion of housing project

Yahoo

time19-02-2025

  • 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.

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