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Mon. Jul 22nd, 2024

City of Indianapolis, CVS Health and Englewood CDC unveil affordable housing

By meerna Jul11,2024
City of Indianapolis, CVS Health and Englewood CDC unveil affordable housing

Indianapolis Mayor Joe Hogsett joined Englewood Community Development Corp. (ECDC), CVS Health and other community nonprofits to unveil the new St. Lucas Loft Apartments on July 10. (Photo/Chloe McGowan)
Indianapolis Mayor Joe Hogsett joined Englewood Community Development Corp. (ECDC), CVS Health and other community nonprofits to unveil the new St. Lucas Loft Apartments on July 10. (Photo/Chloe McGowan)

Indianapolis Mayor Joe Hogsett joined Englewood Community Development Corp. (ECDC) and CVS Health to unveil the new St. Lucas Loft Apartments on July 10.

Located in Englewood on the Near Eastside, the three-story apartment building was presented to the public as affordable housing units for a variety of families and youth experiencing homelessness. The St. Lucas Loft Apartments, owned and operated by nonprofit developer Englewood CDC, welcomes families from 30%, 40% and 50% of the area median income (AMI).

“By providing residents with comprehensive services such as health care, education, financial literacy, career support, this project will change the lives of many people,” Hogsett said. “How can you not be proud of that? How can we as a community, as a city, not be proud of that?”

The St. Lucas Lofts Apartments has been under construction since 2020, Hogsett said during a news conference. The push to increase access to affordable and permanent housing is the result of a “highly collaborative” ongoing strategy between the city, nonprofits and the private sector — including Outreach, Inc., Adult & Child Health, CVS Health and John Boner Neighborhood Centers (JBNC).

Designed by Blackline Studios + Guidion Design, the St. Lucas Loft Apartments will offer 48 units, including one-, two- and three-bedroom homes with full kitchens and bathrooms and on-site support services. Ten of the units in the building, funded by a $2 million grant from the city, are designated as permanent supportive housing for youth ages 14-24 experiencing homelessness, said Andrew Neal, CEO of Outreach Inc.

“The truth is we still have a long way to go,” Neal said. “We know that about 7,800 people between the ages of 14 and 24 experience homelessness in Indianapolis each year, so this is a big step for us, but we look forward to continuing to invest in housing.”

In addition to support services, youth will also receive rent assistance from the Department of Metropolitan Development and the Indianapolis Housing Agency.

CVS Health CEO Anne Crees said her organization believes that access to housing is part of comprehensive health care and has invested $10 million to build the property, which is equal to the $26 million that has been invested in affordable housing across Indiana.

“As a leading national healthcare solutions company, CVS Health recognizes that fair housing is the single biggest barrier to achieving good health,” Crees said. “Health (sic) should never be a second thought, which is why we believe that home is healthcare.”

CVS Health also stocked 10 PSH locations with household items and provided welcome baskets for each resident, Crees said.

For more information, visit cvshealth.com/news/community/cvs-health-invests-10-million-in-indianapolis-affordable-housing.html

By meerna

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