September 22, 2022

City comes to agreement with Towne and Terrace HOA

Indy Star

Indy Star

The city of Indianapolis has made some headway at a troubled apartment complex on the Far Eastside. 

The city has been in a 10-year legal battle over the Towne and Terrace complex near the intersection of 42nd Street and Post Road.  The city has been able to purchase about 100 of the units, but has been in dispute with the homeowners association. 

The agreement gives the city a seat at the HOA table and makes it possible to acquire more units and have more say in how the property is run. It also ends litigation the Towne and Terrace HOA was pursuing against the city and resolves a bankruptcy case.

Built in the 1960s, the condos were once considered middle class luxury living. Now many of the buildings are dilapidated and unsafe, drugs and gun violence also plague the complex

Indianapolis Mayor Joe Hogsett said in a statement the agreement is a solid step in the right direction for Towne and Terrace residents, removing a significant barrier to addressing the public safety and quality-of-life issues plaguing residents of Towne & Terrace.

“Today, once again, we say ‘enough’ to the circumstances that lead our neighbors to feel trapped in substandard housing,” Hogsett said.

Last year the Indianapolis City-County Council appropriated more than $5 million in American Rescue Plan Act funds to support community engagement, redevelopment, and public safety at Towne & Terrace.

The Indianapolis Department of Metropolitan Development plans to launch a Towne & Terrace outreach effort to connect residents to critical services and resources, such as workforce programs, mental health services, and legal support.

Contact WFYI city government and policy reporter Jill Sheridan at Follow on Twitter: @JillASheridan.

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