Indianapolis Mayor Joe Hogsett has named the second area to receive funding aimed at boosting neighborhood revitalization efforts as part of the Lift Indy initiative. The Old Southside neighborhood, located just south of downtown Indy, will receive approximately $4 million over the next three years.
The Lift Indy program was first announced last year with the Monon16 area being the first to receive funding. Hogsett’s office says the Old Southside neighborhood was selected out of seven applicants because it fulfilled many of the Lift Indy program’s goals, including:
- Project team includes a broad group of organizations currently invested in the area
- Project area has strong market potential
- Project implements a neighborhood-driven vision
- Project includes a variety of shovel-ready, tangible projects
"Lift Indy will provide many opportunities for the Old Southside and our partners," said Judith Essex, president of the Old Southside Neighborhood Association. "The improvements to the Kelly Park playground and the new shelter will serve the entire community. For the thousands of commuters who pass through the Old Southside every day, the Meridian Streetscape Placemaking will illustrate that we are neighborhood on the move. But the most important part of Lift Indy is the affordable homeownership opportunities this will bring to thirteen families."
The neighborhood will receive a significant portion of grants from the U.S. Department of Housing and Urban Development, according to the mayor’s office. The funding aims to support the growth of economic development opportunities, the preservation and development of quality affordable housing, and the availability of social services, among other quality of life aspects.
Hogsett’s office says the funds will be "focused in areas where public investments could help realize market potential."