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Lt. Gov. Crouch, IHCDA launch crowdfunding campaign with Indianapolis Music Cooperative

Friday, September 3, 2021 9:10am

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$50,000 goal to receive a matching grant through IHCDA’s CreatINg Places initiative

INDIANAPOLIS (Sept. 3, 2021) Lt. Gov. Suzanne Crouch and the Indiana Housing and Community Development Authority (IHCDA) today announced a partnership with the Indianapolis Music Cooperative to create a collaborative music space for Indianapolis residents.  

Indy Music Co-op must raise $50,000 by Nov. 3, 2021 in order to receive a matching grant from IHCDA. This partnership is through IHCDA’s CreatINg Places program.

“This community space is a wonderful way for musicians in Indianapolis to explore their passion,” Crouch said. “We want to provide a space for Hoosiers to learn, grow and record great music for years to come.”

Funds from this campaign will help create the Indianapolis Music Cooperative at the Circle City Industrial Complex, 6,000 square feet of 24/7 coworking space to rehearse, record and produce music.

"Making professional music space affordable is a dream come true for us,” said Kyle McGinnis, Founder of the IMC. “We’ve designed and tested this membership model with immense community support over the past three years and we are thrilled to bring this economic engine to life for the Indianapolis music community.”

The CreatINg Places program began in 2016, projects have raised more than $5.4 million in public funds and an additional $4.4 million in matching IHCDA funds.

The program is available to projects located in Indiana communities. Non-profit entities (with 501c3 or 501c4 status) and Local Units of Government are eligible to apply.

Eligible projects must have a minimum total development cost of $10,000, where the recipient will receive $5,000 in IHCDA matching funds should it successfully raise $5,000 through Patronicity. IHCDA will provide matching grant funds up to $50,000 per project.

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The Indiana Housing and Community Development Authority (IHCDA), chaired by Lt. Gov. Suzanne Crouch, provides housing opportunities, promotes self-sufficiency and strengthens communities in order to build an Indiana with a sustainable quality of life for all Hoosiers in the community of their choice. For more information, visit our website.

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