Diane Padgett's Contact Details

Diane Padgett's Company Details

Insight Development Corporation

, N/A, US • 10 - 19 Employees
Real Estate

Insight was established as a 501(c)(3) in 1999, as part of the Concord-Eagle Creek development, to support the Indianapolis Housing Agency's mission by expanding the supply and enhancing the quality of affordable housing in Marion County. Since its inception, Insight has served as sole or co-developer on mixed finance developments worth over $88 million that resulted in the creation of 462 affordable housing units, 14 market rate units, and 52 home ownership units. Governed by a six-member board of directors, Insight works to preserve, improve, and reuse existing properties—transforming community liabilities into assets—while creating high quality, affordable housing for low and moderate income families. The award-winning Georgetown and Red Maple Grove developments demonstrate Insight's creative investments in high quality, affordable housing in Marion County. In the last five years, Insight has more than doubled its net assets to $14.5 million. In an ongoing four-year initiative, Insight is renovating 1,320 and creating 229 units of affordable and mixed income housing. Using a financing structure that is highly innovative for public housing agencies and strongly encouraged by the U.S. Department of Housing and Urban Development, Insight has secured over $56 million from multiple sources and expects to create at least $34 million more in financing for the development