New Apartments Include Financial Literacy Class
Indianapolis-based Circle City Property Management and Development and the Indianapolis Neighborhood Housing Partnership are teaming up to provide financial literacy classes to residents of Broadway Park, a new 40-unit apartment complex. Our partners at WISH-TV report the plan is to host a financial literacy class in the community center portion of the complex with the goal of helping residents eventually own their own homes.
“It’s no secret that in Indianapolis and in places across the country there’s a tremendous housing crisis we’re dealing with,” said CCPMD Principal Joe White. “What we’ve been dreaming about for Broadway Park is the opportunity to create not just a safe, affordable and quality housing for Indianapolis residents, but to also create a space for things like job training, financial literacy coaching, mental and physical health services, and ultimately be well positioned to purchase a home.”
According to the station, White started forming the curriculum for the financial literacy class a few years ago because of his experience and passion for helping people reach financial independence.
“There were thousands of adults in our city and cities across the state that are hopeless,” said White. “They felt like there’s a world of opportunity and there are people out there accessing jobs and training and home ownership. These folks felt like they didn’t have access.”
The property will also be close to IndyGo’s Red Line and the Monon Trail, as well as grocery stores, schools, and public parks.
Several condemned buildings currently stand on the property. According to White, an analysis found the buildings are not salvageable. The new apartments will fit the style of the neighborhood, with final exterior work to be decided by the CCMPD, Historic Watson Park, and the city of Indianapolis.
The station reports the complex is scheduled to break ground in spring 2021.