Thrive West Central has launched a Regional Housing Initiative to address current challenges in the housing sector. The first phase of the effort will involve the development of a regional housing study and action plan for the west central Indiana region.
The region includes seven counties: Clay, Montgomery, Parke, Putnam, Sullivan, Vermillion, and Vigo.
The organization says the study will aim to develop an understanding of the housing market and the factors impacting supply and demand. The study will also analyze policy, infrastructure, and other constraints on housing.
“In the current economy, talent is everything. For our region to grow and prosper, we must attract and retain a skilled workforce to not only fill the jobs of today, but to create the jobs of the future,” said Ryan Keller, executive director of Thrive West Central. “The availability of housing is an essential element for attracting and retaining talented individuals and families.”
With the study’s findings, Thrive West Central says it will work to identify opportunities and tools for development of new housing, upgrades to existing inventory, and increased access and affordability of quality housing.
The housing study is scheduled to be finalized later this year.