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Housing
and Development
For more than 10 years, Area Five has actively pursued economic
development in the communities we serve through the development of housing
and commercial real estate projects.
Our projects are always based on the needs of the people we serve.
Innovative solutions are sought to meet the needs once they are identified.
Our Agency is fortunate to create projects, with the assistance of a
variety of partners, financial institutions and funding sources, which are
often used as models by other organizations.
Area Five has created more than 300 units of rental housing, and more
than 30 home ownership opportunities. Housing projects range from
single-family homes to large apartment complexes. Many projects are
dedicated to special needs populations, including senior citizens and
individuals with mental illnesses. Rental projects may be owned by a
company related to our corporation or by one of our not-for-profit
partners.
Community projects range from senior centers to childcare centers, and
from historic preservation of libraries to downtown streetscapes. All
projects meet a community need and involve a variety of partners. Profits
generated by these projects allow us to better serve our clients in all
areas of programming.
Area Five is pleased to serve communities
through our own projects and by serving as a consultant for
projects developed by other entities. Typical funding sources
include Indiana Department of Commerce, Indiana Housing Finance
Authority, Federal Home Loan Bank of Indianapolis, and other
state and federal sources.
Contact
For additional information about housing
or development opportunities, contact our housing specialists
at Development@areafive.com.
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