Indianapolis, Indiana – Affordable housing in Indiana has been an issue for years not, but the problem has increased since the pandemic began. Covid-19 had serious impact on families looking for affordable home in the city in since last March.
One non-profit organization called Renew Indianapolis was helping people to bridge the gap in the last years and now the trend continues.
“As a single person, I just never thought it was going to be in the plans for me to buy a home by myself. I always thought I would need a partner or some help financial help,” Abby Lebo said.
Saving money while renting a house is a hard task in everyday life. Lebo has been teacher for years and she know this very well. For her, owning a home was a goal since always.
“With Renew Indy, I didn’t have to pay the 20% down payment, I only had to pay 3%,” Lebo said.
With the help of Renew Indianapolis, she now owns a home in Kennedy King neighborhood.
“It was the very first day that I got accepted into the program, we went over some lots and houses and this was the first one I saw and I knew immediately knew that this was gonna be my home and I was like where do I sign right away,” Lebo said.
Renew Indianapolis is a nonprofit that focuses on supporting community development, neighborhood stabilization and ultimately improving quality of life for Indianapolis residents.
“It starts with us helping with trying to close the gap on development costs to keep the price of houses down. So we build houses and partner with organizations that actually supply houses. On the financing side, we provide very low cost low interest rate mortgages as well. So the monthly payment is affordable,” Steven Meyer, Renew Indianapolis Chief Executive Officer said.
We look forward to hear even more positive stories from Renew Indianapolis.
