The Plaza at Central Greens (Indianapolis, IN)
Project Location:
Indianapolis, IN
Total Units:
122
Total Value :
$36,723,266
Project Type:
Family
Project Description
The Plaza at Central Greens is a vibrant 122-unit mixed-use affordable housing community on the historic grounds of the former Central State Hospital in Indianapolis. A partnership between Radiant CDC and T&H Investment Properties, The Plaza offers one- to three-bedroom apartments for families earning 50%–60% AMI, with modern amenities and on-site services that help residents thrive.
Key Features
- 122 units: 1–3 bedrooms, Energy Star appliances, in-unit washer/dryer, open-concept kitchens
- Fully accessible units for residents with disabilities
- 3,000 sq. ft. resident space + 4,000 sq. ft. storefront hub for job training & entrepreneurial programs
- Transit-Oriented Development: along IndyGo Route 8 / Blue Line BRT
- Neighborhood amenities: fitness center, computer lab, playground, trails, museum access
- Resident Services: dedicated coordinator, health & wellness programs, GED/ESL classes, financial coaching, transportation
- Resident Volunteer Committee: community events & service projects
- Federally recognized Community Service Facility with a 15-year lease serving households ≤60% AMI
- Strong partnerships: Hawthorne Center, LISC, Intend Indy, Victory in the City, Spark Coffee
Funding sources:
- The Walker Dunlap (Alliant Capital)- $14,911,029
- Merchants Bank (Freddie Mac)- $14,014,000
- Radiant CDC (ARPA)- $3,000,000
- IHCDA (Development Fund)-$750,000
- Radiant CDC (Equity)-$1,214,471
- T&H Investments (Equity)-$2,833,766
Partners :
- Walker Dunlap (Alliant Capital)
- Merchants Bank of Indiana
- IHCDA & HUD
Radiant Role :
- Radiant CDC 30% ( Owner),
- Co-Developer
- Master Lease of Community Service Facility, Run Programming
- Community Benefit Agreement - PILOT