Garfield Parkside (Indianapolis, IN)
Project Location:
Indianapolis, IN
Total Units:
47
Total Value :
$16,006,342
Project Type:
Family
Project Description
Garfield Parkside Townhomes is a 47-unit lease-purchase community near historic Garfield Park in Indianapolis. Developed by Radiant CDC, this family-focused neighborhood offers spacious three-bedroom townhomes and an additional single-family home, with 20% of units reserved for residents with I/DD—creating an inclusive, supportive place to live and grow.
Key Features
- 47 townhomes + 1 single-family home
- Lease-purchase model: path to homeownership
- 20% of units reserved for residents with I/DD
- Onsite supportive services: Noble Inc., Independent Adult Day Centers
- Modern layouts, energy-efficient appliances
- Shared community spaces: business center, playground, memorial garden
- Equitable Transit Oriented Development (ETOD) Fund supported
- Access to IndyGo Red & Green Lines, reduced transport costs
- Partners: INHP, Noble Inc., Shepherd Community Center, and more
Funding sources:
- City Real Estate Advisors (CREA) -$9,866,285
- BMO Bank -$1,600,000
- Radiant CDC (ARPA)- $1,500,000
- City of Indianapolis HOME- $1,200,000
- INHP IHCDA - TCAP -$500,000
- Owners Equity -$590,057
Partners :
- City Real Estate Advisors (CREA)
- BMO Bank
- INHP (Bridge / Construction)
- IFF (Predevelopment Loan)
- City of Indianapolis
- IHCDA & HUD
Radiant Role :
- Sponsor
- Lender
- Indianapolis PILOT Program
- Community Facility Space