Cummins to Support Indy Neighborhood Affordable Housing

A before-and-after look at a newly remodeled home in the Martindale-Brightwood neighborhood. (photo courtesy of Cummins)

Columbus-based Cummins Inc. (NYSE: CMI) awarded a grant of more than $1 million to Renew Indianapolis to help increase equity for black homeowners in a nearby Northeast neighborhood. The company says the funding will support a program designed to build generational wealth while tackling gentrification in historically black neighborhoods.

Cummins says the grant will raise funds for affordable housing through the city’s Lift Indy program. A year ago, the Martindale-Brightwood neighborhood was named a Lift Indy Zone, allowing federal funding to revitalize the neighborhood.

The grant will be used to fund mortgages for low-income residents who purchase one of 12 newly constructed homes that are being built on previously vacant properties in the neighborhood. First-time home buyers will receive advice on home ownership.

“Renew Indianapolis is proud to partner with Cummins in supporting Martindale-Brightwood’s community vision for affordable housing,” said Steven Meyer, chief executive of Renew Indianapolis, in written remarks. “This generous investment from Cummins will help ensure the neighborhood remains affordable and accessible to those who call it home.”

Home construction is expected to begin this month and the first homes will be available for purchase in the spring.

Barato Britt, CEO of the Edna Martin Christian Center in the Martindate-Brightwood neighborhood, says the grant is further indication that the neighborhood is worthy of significant investment.

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