Blog

King Park is excited to announce that both the Build Fund and the Edge Fund received grant awards from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. The CDFI Fund makes grant awards to CDFIs to help them sustain and expand their financial products and services. Grant awards can be usedRead more

A solid business plan is a roadmap to success for any business. If you only have a vague idea of your destination or can only envision the last leg of your journey, then you can’t possibly expect to get there efficiently, or in some cases, at all. While it’s tempting to forgo what might seemRead more

The Build Fund client, Reveal Properties acquires and restores distressed commercial and multi-family properties in downtown Indianapolis. They have a new tenant, Line+Form Art Center, in their building known as the “pagoda.” Line+Form, founded in June 2016 by Fran Samarripa, is a community art center with a focus on process-based art. They host a varietyRead more

King Park is pleased to welcome Stephanie Quick as our new Director of Real Estate Development. Stephanie will lead the organization in developing, initiating, and implementing real estate acquisitions and dispositions. For more than 10 years, Stephanie has worked in all facets of real estate development for not-for-profit, private, and government agencies with a focusRead more

Owning and operating your own business is part of the American dream, but if it was easy everyone would do it. You need ambition, dedication, and some form of financing. You might have a great product or service that people love, but you need the financial resources to get across the finish line to success.Read more

King Park is pleased to welcome Delena Heath as our new Loan Service Manager. A life-long resident of Indianapolis, Delena spent her formative years living in the King Park neighborhoods. Delena comes to King Park Development Corporation with well over twenty years of office administration and client services experience along with earning a degree inRead more

What would you do if you had $1 million? The Build Fund takes $1 million and turns it into so much more. For every million dollars we invest in local businesses, our investment has doubled the assessed value of borrowers’ real-estate, increasing their values on average by $2 million. As the only Community Development FinancialRead more

The Build Fund recently completed our assessed value analysis and found that many of our borrower’s properties increased in value. This is beneficial for the businesses themselves, but it also means they can contribute more to our local communities; it increases the amount of property taxes that Marion County can collect. Property taxes are aRead more

King Park is pleased to welcome Alex Ervin as our new Financial Portfolio Analyst for the Build Fund. An Ohio native, Alex came to Indiana to attend the O’Neill School of Public and Environmental Affairs (SPEA) at Indiana University Bloomington. He earned his master’s degree in public financial administration and policy analysis. Upon graduating, heRead more

King Park launched the Build Fund to further its mission of building resilient neighborhoods in Indianapolis through collaborative partnerships. One of these beneficial partnerships is with the Edna Martin Christian Center (EMCC). The partnership between the Build Fund and EMCC is a natural one. Both organizations hope to create thriving, inclusive, and diverse communities withRead more