The Near Eastside’s 10th Street corridor was announced as Lift Indy’s third neighborhood Wednesday. The area will receive an estimated $3.5 million for revitalization over the next three years.
Lift Indy is a community development program for low to middle income neighborhood created by Mayor Joe Hogsett in 2017. Hogsett says the program will kickstart the types of development seen in other neighborhoods like Fountain Square and Fall Creek Place.
“That investment will support economic development, it will support the affordability of quality housing for longer time residents, it will support infrastructure investment and many other public amenities that make this neighborhood the special place that it is,” he says.
Lift Indy is funded through two U.S. Department of Housing and Urban Development Grants -- the HOME Investment Partnerships Program and Community Development Block Grant. The funds will target areas where investment can help the neighborhood reach its full potential.
The city has designated a new Lift Indy neighborhood every year since 2017. East 10th Street joins previous Lift Indy neighborhoods Monon16 and the Old Southside.