Overview

One of West Central 2025’s goals is to halt projected population decline and attract new talent and development. To accomplish this, more housing will be needed to accommodate growth. The Resilient study also identified housing as a main concern across the region. Thrive West Central will develop the Homes for the Future Program as a pilot initiative for homebuilders to incentivize them to build new, age-friendly homes in West Central Indiana. After a request for funding proposal process, chosen homebuilders/developers could receive up to ten percent of the building cost, financed with READI funding, to cover eligible infrastructure expenditures upon the completion of each home built. This program emphasizes a focus on developers and homebuilders creating homes at market rate to meet the needs of an ever-growing workforce and population in West Central Indiana. The program is anticipated to start in October 2023 and end in March 2025. Thrive West Central has created an RFP process that is publicly solicited and advertised for any parties interested in home development in the region. Interested applicants are required to complete an application and provide supporting documentation. Builders must show expenses for infrastructure-related expenses in the construction or redevelopment of homes in order to receive READI funding. These admin costs will cover salaries/wages, training materials, consulting services, and a market analysis.