20 INDIANAPOLIS REGIONAL CENTER PLAN 2020 PLANNING DOWNTOWN�fS FUTURE TODAY LIVING DOWNTOWN 7.  NEIGHBORHOODS AND NEIGHBORHOOD SERVICES Community development corporations (CDCs), the City of Indianapolis, Indianapolis Downtown, Inc. (IDI) and private developers all play important roles in ensuring that Downtown neighborhoods have the environment and housing necessary to attract a wide range of residents to the area. There are eight community development corporations (CDCs) whose areas include portions of the Regional Center and three additional CDCs immediately adjacent to the area.  CDCs are non-profit organizations formed to help neighborhoods achieve housing improvements as well as other economic revitalization goals.  The City has assisted CDCs with a number of projects through federal funds it receives, such as the Community Development Block Grant program.  In recent years, it has been working with a number of CDCs on community-led redevelopment efforts.   IDI, the Local Initiative Support Corporation (LISC), the Indianapolis Neighborhood Housing Partnership (INHP), the Indianapolis Coalition for Neighborhood Development (ICND) and others also assist and/or fund CDC activities.   It is important to support increased assistance to CDCs and other organizations including identifying new institutional and foundation funding sources.  Several CDCs have been successful in assisting economic development projects for their areas.  Committee members were interested in expanding such efforts to additional CDCs. The City of Indianapolis, Department of Metropolitan Development (DMD) has played various roles in the development of housing in Downtown neighborhoods.  Examples are Fall Creek Place, an award winning near-Downtown development of approximately 322 renovated or newly constructed homes, and the proposed mixed-use development of the former Market Square Arena site.  In addition, DMD has been able to assist neighborhoods by contracting with consultants to prepare retail studies for a number of inner city areas, a strategy that should continue.  The preparation of neighborhood plans is another way that DMD can support neighborhoods.  DMD can undertake two or three neighborhood plans per year while often the requests are for more.  DMD and other agencies assisting neighborhoods are now studying a means for evaluating any particular neighborhood's overall need for plans. IDI is a 501(c)(3) not-for-profit organization formed to develop, manage and market Downtown Indianapolis including its neighborhoods.  The organization has a broad spectrum of initiatives that make Downtown a clean, safe, convenient and exciting place to live, work and be entertained.  In cooperation with private interests, CDCs and the City of Indianapolis, IDI identifies and facilitates a variety MAP LV-1 LEGEND REGIONAL CENTER HOUSING UNIT CREATION GOAL 2000-2020 2000-2005* 2005-2010 2010-2015 2015-2020 Total Period Annual Total Period Annual Total Period Annual Total Period Annual Total Market Rate Owner 700 140 1,200 240 1,200 240 1,300 260 4,400 Rental 800 160 400 80 400 80 400 80 2,000 Affordable 100 20 500 100 500 100 500 100 1,600 Student 800 160 1,000 200 1,100 220 1,100 220 4,000 Total 2,400 480 3,100 620 3,200 640 3,300 660 12,000 Planning Districts Potential Number of New Housing Units in District This illustrative map is an example of distribution to obtain the goal of 12,000 additional housing units. New Homes in Ransom Place Janus Lofts *The time period 2000-2005 includes projects completed or under construction in the time period 2000-2003 as well as other porjects that have been publicized to be completed by 2005.