The National Bank of Indianapolis Recognizes 30th Anniversary by Giving Back to Central Indiana Community

INDIANAPOLIS, December 8, 2023 – The National Bank of Indianapolis is celebrating its 30^th anniversary by partnering with community organizations on initiatives that will make home ownership in Indianapolis more accessible. The Bank will award $30,000 grants to the Indianapolis Neighborhood Housing Partnership and Arnold Place, Englewood Community Development Corporation for Temple Avenue Townhomes, and JEWEL Human Services, a nonprofit arm of Eastern Star Church.

“We are honored to commemorate our 30^th anniversary by reinvesting in the community we’ve called home for three decades,” said Mark E. Bruin, president and CEO of The National Bank of Indianapolis. “Through collaboration with our local partners, we’ll help provide safe and affordable homes for Indianapolis individuals and families, enabling them to achieve their dreams of home ownership.”

The first community project kicked off in October when the Indianapolis Neighborhood Housing Partnership (INHP) broke ground on Arnold Place, a 33-unit townhome development that will offer market rate and affordable housing for homebuyers earning up to 80% of area median income. The Bank’s financial support will reduce project construction costs and expand down payment assistance for homeowners. Employees of the bank will also volunteer their time to complete a Living the Dream project, which helps prepare homes for families through  painting, landscaping and other home improvement tasks.

“We’re grateful to The National Bank of Indianapolis for providing access to funding that will help us create more affordable places for Marion County residents to live,” said Gina Miller, president and CEO of INHP. “Arnold Place will be one of the largest single-site affordable homeownership opportunities in the city when it is finished, and thanks to the support of The National Bank of Indianapolis, and our partners including the City of Indianapolis and the Reagan Park neighborhood, we look forward to welcoming its first residents in late 2024.”

Englewood Community Development Corporation will soon begin construction on Temple Avenue Townhomes, a 13-unit development in the southeast corner of New York Street and Temple Avenue. The development  plans to offer homeownership opportunities for community members earning approximately 60% of the area median income. The grant provided by The National Bank of Indianapolis will lower the cost for new homeowners. In addition, the Bank is sponsoring an Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Indianapolis, which was recently awarded to Englewood CDC to support the project.

“Our hope with the Temple Avenue Townhomes is to make ownership an option for low-income households who would otherwise be renting. As an inaugural development of the Indianapolis Community Land Trust, the townhomes are designed to remain permanently affordable for generations to come,” said Joe Bowling, executive director of the Englewood Community Development Corporation. “We’re thankful to The National Bank of Indianapolis for their commitment to helping members of our community build equity and put down roots in our neighborhood.”

In addition, the Bank has partnered with JEWEL Human Services, a nonprofit that supports the mission of Eastern Star Church. The funding will provide housing assistance for the ROCK Initiative, which provides affordable housing and community services near the church’s main campus at 30^th Street and Arlington Avenue. The nonprofit plans to build five new homes over the next five months.

“The National Bank of Indianapolis was an early investor in our vision for transforming lives through stable housing,” said Anthony Murdock Sr., executive administrator, JEWEL Human Services. “After initially partnering with us to support the development of Sunstone at Arlington Woods, the first phase of the ROCK Initiative, the bank is further investing in our community to make the dream of home ownership a reality for more families.”

For more information on the community projects, visit: www.NBofI.com/30Years.

About The National Bank of Indianapolis

The National Bank of Indianapolis is the largest locally owned national bank headquartered in greater Indianapolis. The Bank combines its expertise, local decision making and tradition of superior service to deliver a full range of banking services to individuals, closely held businesses and nonprofit organizations. The National Bank of Indianapolis also offers comprehensive wealth management services, including personal trust, estate and investment management services for individuals and institutions. Visit NBofI.com for more information.