READI 2.0 project progresses in southwest Indiana.
LOOGOOTEE, Ind. – Indiana Governor Mike Braun joined Loogootee Mayor Brian Ader and other community officials to break ground on Oak Street Village on Friday.
The development, funded by a $600,000 Regional Acceleration and Development Initiative (READI) 2.0 allocation and an $11.3 million Indiana Housing and Community Development Authority (IHCDA) credit, is designed to provide accessible and affordable housing options to Hoosiers.
“The best economic development strategy is one that works closely with the local region, and I am excited that the Oak Street Village project is the product of that collaboration,” said Gov. Braun. “It was an honor to help break ground with the community leaders and partners in Loogootee, and I’m grateful for the partnership of local leaders alongside the state as we create more opportunity across Indiana.”
The Oak Street Village development will bring to life 50 one-, two- and three-bedroom units for families earning 30%, 50% and 60% AMI in Loogootee (Martin County).
The development will also feature a licensed childcare facility, pickle ball courts, and a public playground.
Construction began Friday, and the project is expected to be complete by November 2026.
