It is estimated that over $250MM will be invested in the River District over the next 10 years.

Why An Urban, Walkable Community?

housing Trends are changing

  • 75% of new housing delivered between now and 2030 will be rental to meet demand. In 2005, 63% of housing was single family homes, however single family homes will be increasingly less desired.
  • 83% of US homes will have no children by 2030. 63% will have one person.
  • 62% of millennials prefer to live in urban, mixed-use communities where they can be close to shops, restaurants and offices – and they are driving less.
  • Seniors moving to the top 53 metro areas has grown 11% avg. over past decade. Some areas are seeing up to 20% growth. Active seniors may be the new millennial.

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    Elkhart's Need for Workforce Development

    Elkhart is fundamentally an entrepreneurial, industrial-based community. Manufacturing technologies are forcing greater cost and labor efficiencies with advanced industry solutions. How do we attract a skilled workforce that will sustain our future?

    We will attract workforce by creating a place where people want to live.

    We are turning away potential workforce.

    • 28,000 people work, yet don’t live in Elkhart.
    • Unemployment rate is less than 3% - below the national 4.4%.
    • 9,000 jobs reported available in Elkhart County.
    • The greatest demand is for medium-skilled knowledge workers - just like every other city. How do we compete?
    • Less than 10 market-rate for-rent units are available on average per MLS. This is not enough to attract the workforce we need.

    Where do we house a future workforce?

    Elkhart Residential Market Potential Analysis Supports Development of Nearly 1,000 New Housing Units in Downtown Elkhart Over Next 5 Years 

    September 2017, Zimmerman/Volk Associates completed a residential market potential analysis for RDIT. This analysis has found that, from the market perspective, over a five-year timeframe 680 to 880 rental and for-sale housing units can be supported within the Downtown Elkhart Study Area. Based on market preferences, the housing mix would include:

    • 550 to 725 rental apartments,
    • 50 to 60 forsale lofts and condominiums, and
    • 80 to 95 rowhouses/townhouses.

    To create the appropriate densities in the Downtown, residential development in the Study Area should concentrate on the development of higher-density housing types including:

    • Rental lofts and apartments (multi-family for-rent);
    • For-sale lofts and apartments (multi-family for-sale); and
    • Townhouses, rowhouses, live-work or flex units (single-family attached for-sale).

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