Stony Creek (Noblesville, IN)
Project Location:
Noblesville, IN
Total Units:
39
Total Value :
$15,264,229
Project Type:
Family
Project Description
Townhomes at Stony Creek is a transformative affordable housing community in Noblesville, Indiana. The five-acre development features 39 spacious two-story townhomes for working families, individuals with I/DD, and those overcoming housing insecurity — providing a path to homeownership, long-term stability, and supportive services in the heart of Hamilton County.
Key Features
- 39 two-story townhomes: 3 bedrooms, 2–2.5 baths, avg. 1,300 sq. ft.
- Lease-purchase model: option to own after 15 years
- Affordable rents: 30%–60% AMI, $628–$1,430
- Energy Star appliances, free Wi-Fi, universal design
- Raised backyard garden beds, fenced pet area
- Community amenities: service facility, playground, picnic area, fitness center, computer lab, on-site management
- Supportive services: eviction prevention, job placement, I/DD care, domestic abuse support
- Sustainability: National Green Building Standard Certified
- Walkable location: near employers, schools, transit, parks, healthcare
Funding sources:
- Merchants Capital: $10,558,944
- Security Bank: $2,100,000
- IHCDA HOME & Development Fund: $1,500,000
- Radiant CDC (ARPA): $250,000
- Family Promise (CDBG): $500,000
- Radiant CDC (Equity): $355,285
Partners :
- Merchants Capital
- Security Bank
- IHCDA & HUD
- Family Promise
Radiant Role :
- Radiant CDC 100% (Owner),
- Developer (60%) / T&H (40%)
- General Contractor / T&H Constr Major
- Sub