HAND, a local nonprofit headquartered in Noblesville, specializes in affordable housing in Hamilton County and some surrounding areas.  HAND’s first Fishers project is realizing the same inflation we all see, but the organization is working to find a solution.

Andrea Davis, HAND’s Executive Director, talked about the status of Cumberland Cottages during a September 2nd podcast recording session.  According to Davis, the cost of Cumberland Cottages has risen 30% since receiving a $1.5 million government grant.  Since that grant, the estimated cost of the project has risen by $1 million.

HAND has been in “problem-solving mode” ever since, trying to identify some additional funding, and also looking at tweaks to design lowering construction and development costs.

“We’re getting close, we hope to have (a) solution in the next couple of weeks,” Davis said in the LarryInFishers.com Podcast.

Davis says if everything is “buttoned-up” in the next two weeks, Cumberland Cottages could be under construction during the spring of 2023.

Cumberland Cottages is planned for an area along Cumberland Road, just south of 141st Street.