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Neighborhood Revitalization

Martindale on the Monon
Citizens Gas recently became the first private sector investor in what was soon to become Martindale on the Monon . A part of the Martindale-Brightwood area, Martindale on the Monon is an area just north of E. 16th Street between the Monon Trail and Dr. Andrew J., Brown Avenue . Vacant lots and deteriorating housing stock characterized the neighborhood until 12 new houses were constructed in the 1600-1800 blocks of Yandes Street . With a significant number of financial sources now onboard, Martindale on the Monon is being touted as one of the most significant housing developments in Marion County .

Commercial revitalization along the E. 16th Street corridor is enhancing the interest in living in the Martindale on the Monon. An official FOCUS Commercial Corridor, E. 16th Street is seeing beautification and redevelopment of business establishments as well as complete rehabilitation of blighted commercial structures.

Englewood Community Development
The Englewood Community Development Corporation has acquired and is revitalizing 7 near eastside houses as that organization continues its commitment to affordable neighborhood housing. Citizens Gas is proud to be the lender of up to $200,000 toward this rehabilitation project.

Fab for Less
Citizens Gas and the Local Initiatives Support Corporation (LISC) joined forces to participate in funding the rehabilitation of three mixed-use vacant properties at the corners of State Street and English Avenue . The 2005 “Fab for Less” cottages are adjacent to these buildings. South East Neighborhood Development (SEND) one of the city's foremost community development corporations, has extensive experience in commercial redevelopment and has been the recipient of numerous LISC loans and grants. Citizens Gas has been a long-time supporter of the activities of SEND.

East 10th Street
The East 10th Street Civic Association's 10 East Main Street Project is one of only two Main Street designees in Marion County . The project is a FOCUS Commercial Corridor. Working to improve the Main Street commercial area, the Civic Association has purchased and demolished vacant buildings to make way for new development. Citizens Gas, LISC and others have partnered to assist the Association in its redevelopment efforts.

East Side Development
Indianapolis 's eastside has areas of residential blight, high foreclosure rates and disinvested commercial areas. In order to assist small businesses, non-profit organizations and individuals revitalize their neighborhoods; Citizens Gas and Community Hospital East have created a funding partnership, administered by the Community Choice Federal Credit Union. The Eastside Redevelopment Loan Fund provides low interest loans for acquisition and rehabilitation of existing housing stock, providing each house is then sold to an owner occupant.

Strategic Acquisitions Fund
In support of the FOCUS Commercial Corridor initiative, the Strategic Acquisitions Fund was established by the Local Initiatives Support Corporation (LISC) and a seed loan provided by Citizens Gas. The $250,000 Citizens Gas loan will be leveraged with other funds to create a multi-million dollar flexible funding source for CDC's and other community organizations for real estate acquisitions strategically located and ripe for redevelopment.

Rebuilding The Wall
Rebuilding The Wall, a small neighborhood organization, needed only a few thousand dollars to complete one of five vacant houses in Center Township and provide a home for a pre-selected family. Citizens Gas provided that loan and completion of the house is scheduled in 2006.