City of Shelbyville and Intend Indiana Announce Partnership to Develop Affordable Housing

Shelbyville, IN | November 1, 2024 – The City of Shelbyville is pleased to announce a strategic partnership with Intend Indiana, a nonprofit organization dedicated to advancing community development through innovative solutions in housing and economic opportunities. This collaboration aims to increase affordable homeownership options for low-to-moderate-income residents in Shelbyville, marking a significant step forward in the city’s commitment to neighborhood revitalization.

Through its Affordable HomeMatters initiative, Intend Indiana will lead the development of four new construction homes in Shelbyville, specifically designed for low-to-moderate-income homeownership. Two of the homes are being developed on properties deeded by the City of Shelbyville, while the remaining two were vacant lots acquired by Intend Indiana. This project is the first of its kind under the partnership between Intend Indiana and the City of Shelbyville, reflecting a shared vision to enhance access to quality housing and stimulate economic growth within the community.

The project has received significant state and local support. The Blue River Community Foundation has committed a $500,000 impact investment to Intend Indiana to support affordable housing development in Shelby County. The impact investment will enable Intend Indiana to plan a second phase of development while the first houses are underway, ensuring sustained affordable housing development in the community. The Indiana Housing and Community Development Authority (IHCDA) has also awarded $500,000 in HOME construction-gap financing to support the construction of the first four  homes. Each property will feature a minimum of three bedrooms and two bathrooms, with prices set between $170,000 and $185,000 for qualified buyers.

“Partnering with Intend Indiana aligns with our goal of creating a thriving community where every resident has access to safe, affordable housing and the opportunity for economic mobility,” said Scott Furgeson, Mayor of Shelbyville. “This project represents a pivotal development in our efforts to support neighborhood revitalization and enhance the quality of life for all citizens of Shelbyville.”

Stephanie Quick, President of Intend Indiana, emphasized the significance of this collaboration, stating, “We are so grateful for the opportunity to work alongside the City of Shelbyville in creating homeownership opportunities that will not only provide stability for families but also foster long-term community growth. Affordable housing is a cornerstone of vibrant, resilient communities, and we are excited to be a part of Shelbyville’s journey toward equitable development.”