Overview

Canal Village (CV) is a multi-site, clustered, single-family home site development in the northwest area of the Riverside neighborhood along the Canal, in the City of Indianapolis just east of the White River and Riverside Regional Park. The overarching goal of this phased revitalization approach is to enhance the quality of life of families in need of newly constructed, affordable, and workforce-integrated housing that is overlaid with "smart" technology and inclusive economic development solutions. We will target 20% of the homes for those with disabilities, including families experiencing homelessness. BWI has developed a methodology to increase the disposable income of low-income residents by holistically designing energy-efficient housing, installing smart energy solutions that leverage gaming technology, and developing transportation solutions that don’t require residents to own their own vehicle. This design methodology will be tailored uniquely for Canal Village residents. Ultimately reducing rents, decreasing utility bills, and providing alternative transportation solutions will allow the average Canal Village resident to increase their disposable income by 30-50%. READI grant funds will be used for Lot Development Costs, Sanitary Sewer improvements, Engineering and Design, and Construction and Bidding Administration. The Project began in March of 2022 with construction completion anticipated in December of 2023.