Ground broken on READI-funded housing development in Delphi
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State and local officials broke ground Friday on a new single-family subdivision in Carroll County that is being supported by a matching grant from the Regional Economic Acceleration and Development Initiative.
The $1.25 million Bowen Estates project in Delphi received $625,000 in READI 1.0 funds.
The state funding will be used to support the construction of road, utility and related sitework and infrastructure for the project. Bowen Estates, when complete, will feature 175 new homes on nearly 70 acres on the city’s south side.
The Indiana Economic Development Corp. said in a news release that the subdivision will support the region’s growing talent pipeline.
“What started as a vision ensuring the city of Delphi has adequate housing for future generations to come, will now become reality, as we place shovels in the ground for the historical Bowen Estates Subdivision,” Delphi Mayor Kamron Yates said. “The city of Delphi is extremely grateful for this opportunity as we strive to provide a strong foundation for quality of life and housing for generations to come.”
Carroll County is part of the Greater Lafayette region, which received a $30 million READI 1.0 allocation.
The IEDC said the region’s READI investments are designed to grow the regional population in both rural and urban areas to support the growing semiconductor industry in Indiana, including at nearby Purdue University.