The City of Kokomo is partnering with the Kokomo Community Development Corporation (KCDC) to turn an abundance of vacant lots and a shortage of housing into a neighborhood revitalization program.
The Kokomo Infill Program will utilize vacant lots owned or maintained by the KCDC and offer them free to developers who must sign a development agreement which requires a completed, residential structure built within one year. The program closed in 2024. A revamped Kokomo Infill Program is scheduled to open later in 2025 and will be publicly announced through various media.
Vacant lots once deemed undesirable are now sought after by developers for new residential housing. “This program incentivizes the redevelopment of underserved neighborhoods by providing desirable parcels for free,” said Andy Hardie, KCDC President. “The demand for new housing in established neighborhoods is reflected in the real estate market. The timing for launching this program couldn’t be better.
”Years ago, KCDC attempted to give away lots to adjoining property owners with mixed success. Today’s housing shortage coupled with the desirability for urban living created a redevelopment opportunity.
“We are looking to build new, single-family homes on more than 130 lots,” said Kokomo Mayor Tyler Moore. “We will finally turn decades-long, vacant eyesores into new, affordable housing for Kokomo families.”
Kokomo Infill Program guidelines and application will be posted on the homepage of www.cityofkokomo.org
The Kokomo Community Development Corporation is a nonprofit organization created to support and revitalize the City of Kokomo, especially low/moderate income neighborhoods.
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