AURORA – Indiana Governor Mike Braun continues to accelerate housing affordability and availability through the Indiana Regional Economic Acceleration and Development Initiative (READI). In Southeast Indiana, local and regional officials earlier this week broke ground on Lighthouse Landing, a new riverfront residential development in Aurora that will create more opportunities for Hoosiers in Dearborn County and the surrounding region.
“Indiana is moving at the speed of businesses, and as our state and our workforce grow, so does the need for more housing. We are meeting that need with strategic investments to increase our housing supply so that families can put down roots,” said Governor Mike Braun. “This investment leverages the state’s natural resources and creates new opportunities for Hoosiers to live, work, and play.”
The Lighthouse Landing residential development will create 60 new two- and four-story townhomes along the Ohio River in historic Aurora. The project was made possible through the region’s River Cities Housing and Commercial Development initiative, a more than $25 million READI project focused on advancing critical electrical infrastructure to support new housing along the Ohio River. The project received $1.5 million in READI funding, accelerating the region’s commitment to supporting population growth and housing availability for a growing workforce.
“Southeast Indiana’s economy is growing as companies are choosing the Hoosier state for growth and expanding the greater Cincinnati area further into our communities,” said Indiana Secretary of Commerce Chuck Goodrich. “This development has the potential to house current and future workers, supporting the community’s and the region’s efforts to retain and attract talent into the future.”
Indiana’s READI program is a $1.25 billion investment in regional-led strategies designed to strengthen communities, retain and attract top talent, and increase opportunities for Hoosiers for years to come.
Southeast Indiana was awarded $25 million in READI matching funds, with additional project support through Lilly Endowment Inc. grant funds, to grow the region’s quality of place, quality of life, and quality of opportunity across Dearborn, Franklin, Ohio, Ripley, Switzerland, and Union counties.
Learn more at IndianaREADI.com.
