Accelerate Rural Indiana Project Portfolio
Batesville’s
Crestview Estates
Background
Project Cost: $28,400,000
READI Funds: $100,000
Local Match: $100,000
Private Match: $28,200,000
READI Priorities Addressed
Talent Attraction and
Development
The Crestview Estates subdivision is a 44.4-acre housing development proposed by two local developers. This development would create single-family and multi-family housing within a relatively affordable price point for the local market. Crestview Estates will be located in close proximity to the local school system, creating an opportunity to attract young workforce to move to the region, live in Crestview Estates, and enroll their children in Batesville’s A-rated schools.
This development will be created in four phases. During the first three phases, a total of 78 homes will be constructed to meet the demand for homes valued at $300,000 and below. The proposed lot sizes will be 7,800 square feet or larger. The fourth and final phase will include the development of 62 multi-family housing units.