The nonprofit Partners in Housing will renovate a downtown Indianapolis building to create 44 studio apartments for people experiencing homelessness.
The building, called the Blue Triangle, is a high value property near Central Library.
Partners in Housing Executive Director Scott Armstrong says they discussed selling the building, but decided its location is perfect for transitional housing.
"There’s almost a community right here in this spot already," Armstrong says. "And obviously once they come and live with us they won’t be experiencing homelessness any longer, but will still be right here in an area that they’re familiar with."
The renovation will cost about $8.7 million, paid for by federal tax credits through the U.S. Department of Housing and Urban Development.
Armstrong says a city-wide list of those most in need of housing is typically 200-to-300 names long.
He says the renovation should take about one year to complete.