RUSHVILLE – Indiana Governor Mike Braun continues to advance new affordable housing initiatives through the state’s Regional Economic Acceleration and Development Initiative (READI). Today, the Accelerate Rural Indiana (ARI) region is celebrating three major milestones that will increase the availability and affordability of housing for talent in and around the city of Rushville.
“Affordable housing is a top concern for professionals and families choosing where to live, work, and play,” said Governor Braun. “Strategic investments like this one are designed to increase housing options and make it more affordable for Hoosiers to live at every stage of life, whether that’s starting a career, growing a family, or enjoying retirement.”
The city of Rushville is focused on increasing the availability of housing at all price points in the community, ensuring the community is equipped to retain and grow its workforce population. Today, officials celebrated the opening of two new developments – the North Washington Street and Boulders neighborhoods – and broke ground on phase two of the Rushville Villas, marking milestones across three projects that will create 145 new homes for Hoosiers.
The three housing projects are interconnected and strategically located within walking distance of schools, parks, and the city’s major retail outlets, bringing to life formerly underutilized property and growing the city’s livable neighborhoods.
- North Washington Street is a $5.7 million development, supported with $1.55 million in READI funding, that will create 33 single-family homes. With infrastructure now complete, it sits along a newly extended roadway – West 16th Street – that has been identified as a key corridor for housing development.
- The Boulders is a $18.8 million, multi-phase project to add 64 single-family and multi-family homes on a 49-acre site. $2 million in READI funding was leveraged for infrastructure costs to complete phases two and three of the single-family development, adding the final 30 homes.
- Rushville Villas is another recent housing project in the city – a $9.5 million, multi-phase project. $1.4 million in READI funding is being used for phase two of the development, creating an additional 48 high-quality multifamily units. The expansion, which broke ground today, is expected to be completed by 2028, increasing the range of housing options available in the community.
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.
“READI is driving community investment forward like never before, shaping Indiana neighborhoods into desirable and competitive places to live,” said Indiana Secretary of Commerce Chuck Goodrich. “The city of Rushville identified new housing as a key barrier to continued economic and population growth, and now we’re celebrating three new developments that will pave the way for progress and, most importantly, create more opportunities for Hoosiers to prosper.”
The Accelerate Rural Indiana (ARI) region – led by the ARI Regional Development Authority – was awarded $50 million in READI matching funds to grow the region’s quality of place, quality of life, and quality of opportunity across Decatur, Rush, and Shelby counties as well as the city of Batesville. The region’s projects and programs are designed to reimagine the rural region’s ability to attract and retain talent by expanding and improving housing options, making place-based asset improvements, increasing regional education opportunities, upgrading and expanding infrastructure, and marketing the region’s success.
Learn more at IndianaREADI.com.
