video by @WTHITV10
Thrive West Central is applying for an additional $5 million in ARPA funding to boost local housing development. They have previously received significant funding approvals. The Terre Haute City Council has been made aware of the potential benefits of this funding, specifically the impact on the Club 720 program. This initiative, set to receive $10,000, supports homebuyers with down payment assistance and resources for building credit.
The majority of the funding sought will be used to drive several aspects of housing development. The implementation of housing strategies will be the largest expense, using nearly $4 million dollars. Funds are also allocated for marketing, training, and site selection. The effort plans to address housing shortages and ensure affordability by launching new housing units.
An official approval is set to take place at the council's October meeting, but the initial talks have been positive about the project. Council members recognize the significant impact of these investments on local living conditions and real estate taxes. Thrive West Central's proactive plan hopes to introduce 130 new housing units into the market by October 2025.
More details:
Thrive West Central presents Terre Haute City Council a request for $5 million in ARPA money
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