Project Description: Many of downtown's historic structures positively have potential for second and third floor living. Upper story housing such as loft apartments are attractive to Richmond's 10,000+ college students from Earlham College, Indiana University East, Ivy Tech and Purdue College of Technology.
Through Partnership With Stellar Communities: The city will create a 50/50 grant program to help facilitate the creation of second and third floor dwelling units.
Project Budget: $1,500,000
Local Match: $750,000
Local Funding Source: Private Developers