TERRE HAUTE, Ind. (WTWO/WAWV) – A local program that helps pave the way for new home development in the region receives a financial boost.
Vigo Count Commissioners and the Vigo County Council presented $5 million to Thrive West Central on Wednesday. The money, which comes from American Rescue Plan Act funds, will support Thrive West Central’s Homes for the Future program.
“This funding has just been instrumental,” said Ryan Keller, Thrive West Central CEO. “This $5 million addition to the $5 million with the City of Terre Haute, as well as the Wabash River’s RDA $1.8 million, that we initially got a seed funding. All of that funding has been instrumental in really getting the housing market reset here in Vigo County and throughout the West Central Indiana region.”
The Homes for the Future program offers incentives to homebuilders and developers to build new housing in the region. It offers homebuilders and developers funding to help offset project costs upon the completion of each home built.
“They’ve been working on this for the last year, handing out grants,” said Vigo County Commissioner Mark Clinkenbeard. “We’ve seen a large increase in housing in the city and in the county, and it’s doing just what we would have hoped it would do.”
