Downtown Sullivan (Sullivan, IN)
Project Location:
Sullivan, IN
Total Units:
40
Total Value :
$14,799,027
Project Type:
Family
Project Description
Downtown Sullivan Townhomes is a transformative 40-unit scattered-site development revitalizing the heart of Sullivan, Indiana. Radiant CDC replaces blighted structures with high-quality, affordable three-bedroom homes across 12 sites — combining townhomes, duplexes, and single-family homes for households earning 30%–80% AMI. The Lease-to-Own model helps families move from renting to homeownership while fostering inclusive living for individuals with I/DD.
Key Features
- 40 spacious units: 3 bedrooms, 2.5 baths
- Scattered sites: mix of townhomes, duplexes, single-family homes
- Income range: 30%–80% AMI
- Lease-to-Own option after 15-year compliance
- At least 20% of units reserved for individuals with I/DD
- Free internet, energy-efficient appliances, universal design
- Supportive services: financial literacy, homeownership training, life enrichment plans
- Partnerships: PACE, DSI, Wagler Adult Education — job training, GED, certification, inclusive services
- Backed by local/regional support: $800,000 READI funds, donated land
Funding sources:
- Merchants Capital: $10,192,434
- Merchants Bank & Security Bank: $1,200,000
- IHCDA HOME & Development Fund: $1,500,000
- Radiant Communities (READI Funds): $776,000
- Radiant Communities (Seller Note): $360,000
- Radiant Communities (Equity): $770,593
Partners :
- Merchants Capital
- T&H Investments
- IHCDA & HUD
- IEDC Leadership
- PACE: Service Provider
Radiant Role :
- Radiant CDC 100% (Owner),
- Developer
- General Contractor