Greenwood, Indiana Development News
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Common Council Meeting 2026-07-20
Published: Jul 20, 2026
IMPO Study Reveals Housing Affordability Crisis and Fiscal Impacts of Housing Types
Andre Miller, a senior planner with the Indianapolis Metropolitan Planning Organization (IMPO), presented findings from the 'Maximizing the Value of Land' study. The study highlighted significant increases in housing prices and rents between 2020 and 2022, outpacing wage growth. This has led to widespread cost burden, with 24% of homeowners and over 60% of renters spending more than 30% of their income on housing. The study also identified a shortage of affordable one and two-bedroom units, a lack of smaller ownership units, and an oversupply of mid to higher-cost three and four-plus bedroom houses. Miller explained the concept of 'missing middle housing' (duplexes, quads, smaller apartment complexes) as a solution to provide diverse housing options and improve municipal fiscal health. The presentation also touched upon the fiscal impact of different housing types on municipal budgets, indicating that higher-density and rental housing generate more revenue per acre. A significant concern addressed was the potential impact of Senate Enrolled Act One (SEA1) of 2025 on municipal revenues, estimating a 20-30% reduction, but noting that housing types offering the greatest fiscal benefits would continue to do so.
Greenwood Approves Rezoning for Three-Lot Residential Development on Stones Crossing Road
The council considered Ordinance 2625, a proposed rezoning of approximately 11.200 acres of land located at 1000 West Stones Crossing Road. Joseph, representing the applicant, explained that the property is to be platted into three residential lots. The rezoning request is from A (Agricultural) to RL (Large Lot Estates) as requested by the planning department to meet city requirements for residential zoning. The development plans include one existing house remaining on the south part of the lot, a new home built for a potential buyer on lot two, and the existing owner retaining ownership of lot three, with shared access via a single drive on Stones Crossing Road. A motion was made and seconded to amend the ordinance to add a 'no vital commitment' clause, which was accepted. The amended ordinance passed with a 9-0 vote.
Greenwood Approves Agreement for Rehabilitation of Cambridge Square Elderly Housing
The council considered Ordinance 2626, authorizing and approving a payment tax agreement for Cambridge Square of Greenwood. Brooke, an attorney representing Glick, explained that Cambridge Square is an elderly affordable housing community built in 1977, comprising 186 units (138 one-bedroom). Glick is undertaking a rehabilitation project to preserve the housing for another 30 years, providing quality affordable homes with wraparound services for low-income elderly residents to age in place. This project addresses a need identified in the earlier housing presentation for diverse housing options. The council was asked to authorize and approve a pilot agreement and suspend the rules for first reading. Councilmember Cash stated that the area within her district has long needed a facelift and applauded Glick's initiative. The ordinance passed first reading with a 9-0 vote after suspension of rules, and subsequently passed second reading with a 9-0 vote after rules were suspended for that as well.
Greenwood Council Considers Wheel Tax to Fund Road Projects Amidst State Legislative Changes
The city is considering Ordinance 2622, which imposes a municipal wheel tax and motor vehicle excise tax to create the City of Greenwood Wheel Tax Fund and the City of Greenwood Motor Vehicle License Excise Tax Fund. City Controller Greg Wright explained that this ordinance is necessary due to changes made by Senate Enrolled Act One (SEA1) of 2025. These changes impact the city's ability to fund matching contributions for Community Crossing grants, which amount to $1.5 million annually and leverage an additional $1.5 million from the state for road projects. SEA1 eliminates the supplemental wheel tax previously used for this match and makes property tax bonds more difficult to utilize for matching funds. The proposed wheel tax is intended to solely fund road construction and is considered a necessary measure to maintain existing road conditions, which require approximately $4.5 million annually for paving and projects. The ordinance specifically limits the use of these funds to road construction, primarily for Community Crossing grant matches to double the impact of road project funding.
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Greenwood School Board Meeting
Board of Public Works & Safety Meeting 2026-07-20
RDC meeting 2026-07-14
BZA Meeting 2026-07-13
Plan Commission 2026-07-13
Police Merit Board 2026-07-09
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