Tag: IHCDA

Lt. Gov. Crouch, IHCDA launch crowdfunding campaign for Monon South Trail – Salem Trailhead Boxcar Restoration

$25,000 goal to receive a matching grant through IHCDA’s CreatINg Places initiative

SALEM, Ind. (Oct. 11. 2023) — Salem will soon have a new trailhead featuring a restored boxcar if this crowdfunding campaign reaches its goal of raising $25,000 by Nov. 25, 2023. If successful, the project led by Radius Indiana will receive a matching grant as part of the Indiana Housing and Community Development Authority’s (IHCDA) CreatINg Places program.

“The Monon South Trail is a wonderful addition to the Salem area, and the proposed enhancement of the trailhead will highlight access to recreation, promote healthy lifestyles and shine a spotlight on the trail,” said Lt. Gov. Suzanne Crouch, Indiana’s Secretary of Agriculture and Rural Development.

Funds from this campaign will be used to repurpose a boxcar to serve as the trailhead for the newly developed Monon South Trail in the heart of Salem.

“CreatINg Places is helping us bring an incredible opportunity back to life, and we are very excited to carry out this project, restoring an original and very unique L&N 40 boxcar,” said Jeff Quyle, President and CEO of Radius Indiana. “This project will create a memorable tourism asset in Salem and will anchor a downtown trailhead the Salem community can cherish. Thank you to our community members who will support us during this project and throughout the rest of the development of the Monon South Trail.”

Since the CreatINg Places program began in 2016, projects have raised more than $9.4 million in public funds and an additional $7.7 million in matching IHCDA funds. The program is available to projects located in Indiana communities. Non-profit entities (with 501c3 or 501c4 status) and local units of government are eligible to apply. Eligible projects must have a minimum total development cost of $10,000, where the recipient will receive $5,000 in IHCDA matching funds should it successfully raise $5,000 through Patronicity. IHCDA will provide matching grant funds up to $50,000 per project.