IndyStar: Indy Housing Developers Hit A Financial Wall

From today’s Indianapolis Star, an article about how tight the lending environment still is:

Developers buying and rehabbing properties with those federal dollars, called the Neighborhood Stabilization Program, face the same conundrum in dozens of projects across Indianapolis. They’re struggling to secure the funds to supplement NSP, which typically covers the price of buying a property and a sliver of its renovations.

Click here for the entire story.