In an effort to support the Indianapolis Housing Agency’s mission, Insight Development Corporation was established as a 501(c)(3) in 1997 as part of the Concord-Eagle Creek development. Our goal of expanding the supply and enhancing the quality of affordable housing options in Marion County has remained unchanged. Since our inception, Insight has served as sole or co-developer on mixed finance developments worth over $123 million that resulted in the creation of 462 affordable housing units, 64 market rate units and 52 homeownership units as well as 14,000 sq. ft of commercial space.
Governed by a seven-member board of directors, we work to preserve, improve and reuse existing properties — transforming community liabilities into assets –while creating high quality, affordable housing for low and moderate income families. In the last five years, we have more than doubled our net assets to $41.7 million. The award-winning 16 Park, Georgetown, Red Maple Grove- Single Family Housing and Millikan on Mass developments demonstrate our creative investments in high-quality, affordable housing.
In past 7 years, we have renovated 1,454 units of public housing and created 72 new units of public housing and 392 units of affordable and mixed income housing. Using a financing structure that is highly innovative for public housing agencies and strongly encouraged by the U.S. Department of Housing and Urban Development (HUD), we have secured over $56 million from multiple sources and expect to create at least $34 million more in financing for the development.
As Insight embarks on the future, it will assist IHA in their Rental Assistance Demonstration Conversion (RAD). This initiative will renovate 297 units of public housing and create 94 new units of affordable housing. Insight is partnering with the Northwest Quality of Life convener-Flanner House, LISC and the City of Indianapolis to create 50 units of affordable single-family housing through rehabilitation and new construction over the next five (5) years.
2016 Award of Excellence for Barton Block featuring Millikan on Mass and Barton Towers
2016 Monumental Award top recognition for real estate development
2016 Acheivement Award Neighborhood Revitalization- Barton Block
2009 Monumental Merit Award Community Development- Georgetown Apartment Revitalization
2013 Monumental Merit Award 16 Park
2016 Lt. Governor’s Award of Excellence in Affordable Housing- Urban- The Barton Block
2012 National Award of Merit- Program Innovation & Project Design- for the Rehabilitation of Georgetown Apartments
Prodigy Awards- Best Renovated Community- Georgetown 2009