Goodin Development is underscoring the essential role public-private partnerships play in delivering Class A multifamily and mixed-use developments across Indiana. The company’s experience in cities throughout the state shows that these partnerships are critical for addressing long-standing housing shortages, supporting employer growth and enabling communities to attract modern, high-quality development.

Goodin Development has structured 100% of its projects through public-private partnerships, working alongside municipalities that aim to expand housing options, revitalize key districts and strengthen their long-term economic foundations. In many Indiana markets, current construction costs and achievable rents do not allow high quality developments to be financially feasible. Public-private partnerships — including tax increment financing districts, developer-backed bonds, land contributions and state-supported incentive tools — help close these feasibility gaps.

“Public-private partnerships allow communities to deliver high-quality housing at a time when construction costs and market conditions make traditional financing models very difficult,” said Justin Goodin, founder of Goodin Development. “These partnerships ensure projects can move forward while supporting the city’s broader goals for workforce attraction, downtown redevelopment and economic growth.”

The Elwood, Goodin Development’s ongoing Class A mixed-use project in Kokomo, Indiana, illustrates how public-private partnerships make modern development possible in mid-sized Indiana communities. The project is currently under construction, with vertical framing complete and the development approximately 25% finished, as of November 2025. By partnering with the City of Kokomo, Goodin Development was able to move through predevelopment, begin construction and advance despite cost pressures that have stalled projects in other regions.

Mixed-use developments like The Elwood provide a range of measurable public benefits:

• Brings additional density to support local businesses and restaurants.
• Establishes a high standard for quality living in the city.
• Creates a social, economic, multi-generational hub.
• Continues momentum and serves as additional catalyst for new development throughout the city.
• Transforms a highly visible, underutilized site into a catalytic mixed-use development.
• Generates comprehensive community benefits through job creation, increased local spending, enhanced public amenities, and improved accessibility within the city.

These types of projects often serve as anchor developments that stimulate additional private investment and help cities build momentum in their economic development strategies.

Municipalities throughout Indiana face similar challenges. Many communities have not seen new Class A supply in decades despite strong employment bases and stable occupancy levels. Public-private partnerships provide cities with the tools they need to attract development that supports employer needs, increases housing diversity and enhances overall quality of life.

For developers, these partnerships help address rising construction costs, interest rate pressures and rent ceilings that limit the feasibility of unsubsidized projects. 

“We enjoy collaborating with municipalities to bring our extraordinary communities to life,” Goodin said. “When cities participate through public-private partnerships, they create opportunities to deliver quality housing and commercial space that would not be possible under traditional funding models. These projects strengthen communities and support economic growth across the state.”

Goodin Development will continue to work closely with Indiana municipalities and 100% of their projects have been public-private partnerships to date.