Hopewell Neighborhood to Receive $1.8 million from The Indiana Uplands READI Steering Committee and Regional Opportunity Initiatives
Bloomington will receive $1.8 million in Regional Economic Acceleration and Development Initiative (READI)funding for construction on Jackson Street as part of the new Hopewell neighborhood. This housing investment was approved by the Indiana Uplands READI Steering Committee and the Regional Opportunity Initiatives (ROI) Board of Directors, and the Indiana Economic Development Corporation (IEDC). The Indiana Uplands is an 11-county region encompassing Brown, Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Monroe, Orange, Owen, and Washington counties.
The City of Bloomington is redeveloping the 24-acre site now known as Hopewell, formerly the location of IU Health Bloomington Hospital and surrounding properties. READI funding will support the design and construction of a 350-foot portion of Jackson Street as a brand-new corridor for housing in the diverse neighborhood in downtown Bloomington. The vision for Hopewell includes a number of housing designs and density types for all income levels, including increasing owner-occupied and rental workforce housing. Read more about the Hopewell project at hopewellbloomington.org.
“Buying Hopewell lets us rebuild from the ground up a new neighborhood in our downtown – and this grant accelerates the process,” said Mayor John Hamilton. “We will restore a city-scale grid of streets and sidewalks to support a mix of housing types built for sustainability and affordability. We are delighted to have READI support in realizing this dynamic vision.”
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