Indianapolis officials and community leaders held a ribbon cutting on Wednesday for a new 48-unit apartment building offering affordable housing to city residents.

The National Low Income Housing Coalition and Prosperity Indiana’s report shows that it takes $22.07 per hour to afford a typical two-bedroom apartment statewide.

A shortage of safe, affordable housing in Indiana is an ongoing issue. A new report focuses on how mobile and manufactured homes in the state might contribute to the problem.

The southwest side of Indianapolis will welcome a new housing complex next spring that will support people recovering from substance use, with a focus on families.

Indiana is at a higher risk of private, out-of-state companies buying up housing stock.

The move comes after years of dysfunction and mismanagement at the agency responsible for providing affordable housing in Indianapolis.

While Indiana lawmakers have sought to address housing access in recent years, affordable housing still remains out of reach for many Hoosiers.

The non-profit organization is one of only four groups nationwide to receive the funds. The New Market Tax Credits are a competitive, financial tool that organizations can use to build housing for low-income families.

A new report shows Indiana has only 34 affordable and available rental units for every 100 extremely low-income households in the state. The report, The Gap: A Shortage of Affordable Homes, also shows that nearly 26 percent of renter households are extremely low-income.

A new housing project for older residents on the far east side is being planned. The development will use a mix of funding solutions to create more than 200 new units of housing.