Misty Woods Homeowners Association one of eight Indy Neighborhood Infrastructure Partnership Grant recipients
Indianapolis, May 13, 2022 (GLOBE NEWSWIRE) — Indiana Community Association Services, a Association is pleased to announce that its community partner, Misty Woods Homeowners Association (HOA), is one of eight community-based organizations (CBOs) selected to participate in the 2022 Indy Neighborhood Infrastructure Partnership (INIP) program. From November 2021 through January 2022, Indianapolis CBOs submitted ideas and corresponding bids for future public works construction projects through INIP. Selected applicants receive matching funds to build projects – such as sidewalks, trails or road improvements – within the city’s right-of-way that improve the quality of life for residents in and near their neighborhoods or institutions.
The Indianapolis Department of Public Works selected Misty Woods HOA to receive matching funds for the repair of Misty Woods Lane, Autumn Breeze Lane, and Winterwind Lane. Prior to applying, the Misty Woods HOA board obtained estimates for street repairs ranging from $100,000 to $200,000, with the final cost depending on the scope of the project and the fluctuating cost of asphalt. In accordance with the HOA’s bylaws, the Misty Woods Board of Directors has not committed any HOA funds to the INIP program. Instead, he estimated the potential use of community reserves following a ballot and a vote of approval by the owners of Misty Woods. Work on the project is expected to begin in late summer or early fall.
“Being one of eight recipients selected to participate in the Indy Neighborhood Infrastructure Partnership program is a wonderful opportunity,” said Jennifer Freeman, CMCA.®, president of the Indiana Community Association Services Branch. “This demonstrates the commitment of the Misty Woods Homeowners Association Board of Directors to creating and sustaining a superior quality of life for their residents and the community in which they live.”
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