Inside Richmond: The City's Pulse
Vacant lots don’t just sit there, they slow everything around them down. On Richmond’s south side, that’s starting to change in a real way. Host Lindsay Darnell sits down with Sarah Mitchell from the Economic Development Corporation of Wayne County along with Jeb Reece and Bennett Bensman from Intend Indiana to break down the Vaile Neighborhood Project, a plan bringing 22 new single-family homes to long-vacant parcels and turning them into real opportunities for homeownership. This conversation gets into what actually makes a project like this possible. From closing the appraisal gap to leveraging HOME funds and offering up to $20,000 in down payment assistance, this is the behind-the-scenes work that helps monthly payments compete with rent. They also walk through what buyers can expect, including three-bedroom layouts, one- and two-story options, and a focus on quality construction that raises the standard for affordable housing. If you’ve ever wondered what it takes to qualify, we lay out the full path. Income requirements, lender pre-approval, reserving a home during construction, and the Homeownership 101 program course hosted at Vaile Elementary that helps guide buyers through budgeting, mortgages, and life after closing. Learn more about the Homeownership 101 program: https://intendindiana.org/homeownership-101/ [https://intendindiana.org/homeownership-101/] Watch the Homeownership 101 overview video: https://youtu.be/EPxB1O2WoKI?si=UTQh26jdv4oezctf [https://youtu.be/EPxB1O2WoKI?si=UTQh26jdv4oezctf] Read more about the project: https://whywaynecounty.com/community-partners-break-ground-on-vaile-neighborhood-revitalization-project-bringing-22-new-affordable-homes-to-richmonds-southside/ [https://whywaynecounty.com/community-partners-break-ground-on-vaile-neighborhood-revitalization-project-bringing-22-new-affordable-homes-to-richmonds-southside/]
28 episodios
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