INDY GATEWAY INC

AFFORDABLE HOUSING INDY GATEWAY HAS BEEN ABLE TO RESTART ITS BUILDING SCHEDULES. WE COMPLETED A HOUSE AT 315 VINE AND THE AREA 31 CONSTRUCTION TRADES STUDENT COMPLETED A HOUSE AT 307 VINE. 307 VINE WAS SOLD IN JULY AND 315 CURRENTLY HAS A SALE PENDING. IN ADDITION, WE BEGAN OUR BUILDING AT 2710 TAFT AVENUE. A NEW AREA 31 HOUSE WAS STARTED AT 5122 LEGRANDE AVENUE. A NEW LOT WAS ACQUIRED AT 103 N. RACEWAY ROAD. WE ARE PLANNING ON PUTTING ALL THESE HOUSES ON THE MARKET BY THE END OF 2025 FOR QUALIFIED HOMEBUYERS AND TURN THESE AREA LIABILITIES INTO TAX GENERATING PROPERTIES THAT WILL BENEFIT OUR LOCAL ENTITIES AND IMPROVE THE NEIGHBORHOOD AND ARE BUILT IN FEDERALLY DESIGNATED LOW AND MODERATE-INCOME AREAS. THE OBJECTIVE WAS TO BUILD AND FINISH VINE, BUT MANY FACTORS CAUSED ITS DELAY. JAMMIN FOR A CAUSE WAS A NEW FUNDRAISING EVENT TO BENEFIT THE PROGRAM IN APRIL 2024.

INDY GATEWAY BOARD OF DIRECTORS HAS ACQUIRED FUNDING THROUGH THE GATEWAY GALLOP 5K IN PREVOUS YEARS AS WELL AS A GRANT FROM THE CENTRAL INDIANA COMMUNITY FOUNDATION TO PROCEED IN 2025 WITH THE CONSTRUCTION OF THE PATHWAY AND COMPLETION OF THE CHAPEL ROCK TRAILHEAD. THE PROJECT WILL INCLUDE:-TRAIL NODE AND PAVED PATH CONNECTION ON BOTA PROPERTY (PATH NOT COVERED UNDER NEXT LEVEL TRAIL GRANT)-TRAILHEAD PLAZA AND PATH CONNECTION ON CHURCH PROPERTY-TRAILHEAD IDENTITY SIGN-DIRECTIONAL SIGN AT CHURCH ENTRY AREASFUNDING FOR CONSTRUCTION HAS BEEN RAISED IN 2023 AND 2024. FINAL BIDS WERE RECEIVED IN LATE 2024 WITH CONSTRUCTION PLANNED FOR THE TRAIL IN 2025. NO CONTRACTS HAVE BEEN SIGNED TO DATE FOR THE CONSTRUCTION. A GRANT WAS AWARDED IN THE AMOUNT OF $3,886.69 TO THE WHITE LICK CREEK VANDALIA ALLIANCE FOR THEIR TRAILWORK. ALSO A GRANT PAYMENT OF $11,771.57 TO THE B&O TRAIL ASSOCIATION WAS MADE IN JUNE AS A DOWN PAYMENT TOWARD THE TRAILHEAD WORK.