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The company was founded by Charles P. Morgan in Indianapolis, Indiana in 1983. The company had built more than 24,000 homes in over 150 communities before going out of business in 2009. [4] The company used the Rayco Model, which uses centralized management systems and buyer-driven concepts to streamline the home building process. [5]
In 2001, city efforts to redevelop the area into a mixed-income residential community began. In 2003, the U.S. Department of Housing and Urban Development awarded Indianapolis with a Homeownership Zone Award for the way the city used a $4 million HUD grant to stimulate other public and private investment in the Fall Creek Place redevelopment.
This is one of the few suburban neighborhoods that the city of Indianapolis annexed prior to the 1970 consolidation of city and county governments known as Unigov. Eagledale is loosely defined as the region bounded to the north by 38th Street, to the west by High School Road, to the south by 25th Street (changed on July 4, 2010, from 30th St so ...
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In 1970, the governments of Indianapolis and Marion County consolidated, expanding the city from 82 square miles (210 km 2) [3] to more than 360 square miles (930 km 2) overnight. As a result, Indianapolis has a unique urban-to-rural transect, ranging from dense urban neighborhoods, to suburban tract housing subdivisions, to rural villages. [4]