During that time, the SAVI report states, the owners will flip the apartment complexes by changing its name, renovating the units, increasing marketing and then raising rent. They'll distribute the increased income to investors, sell the property for a premium and then also give those profits to the investors.
She has been denied cash assistance, or TANF, she said, and WIC, which provides nutritional help for infants and toddlers. She applied for IndyRent rental assistance but is still waiting to receive help. “We’re going back to no safety net for Hoosiers because there’s no moratoriums and no rental assistance,” Nowlin said. Indiana’s statewide rental assistance program has stopped accepting new applications and
Bennett told IndyStar that the city is taking steps to ensure permanent longevity of the"clearly beneficial" IndyRent program, including applying for $100 million in reallocated federal rental assistance funds, which could allow the city to have federal rental assistance dollars to give out until the end of 2024. The city has not yet heard if the application was successful.
An Indiana eviction case can be filed for as little as $104 with a fill-in-blank form that can lead to courts removing tenants from their homes very quickly, Quigley said. “Almost no other legal case moves anywhere near this fast and almost no other court order is so easy to obtain.”The report finds a big difference in the evicting behavior of so-called ‘mom-and-pop landlords,’ who do not tend to file for evictions at high rates, and corporate landlords, who do.
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