Forestar Real Estate Group is now seeking city assistance to create a new housing subdivision in Shelbyville.

With skyrocketing construction costs, Forestar is asking the City of Shelbyville for infrastructure assistance for a proposed 187-home development to be built along Progress Parkway.

Melissa Garrard, entitlements manager for Forestar, appeared at Monday morning's Shelbyville Common Council meeting asking for $654,500 in assistance over a three-year span -- $238,000 in 2022, $252,000 in 2023, and $164,500 in 2024.

"The proposed infrastructure assistance would allow for the development of future lots including the infrastructure, new sanitary sewers, streets, curbs, storm drains, sidewalks, etc.," said Garrard. "One of the main reasons for this is the dramatic increase recently in labor and material costs for these infrastructure items which makes the development not economically viable without the incentives."

Forestar wants to close on the property in June and begin work on the project in the fall with houses rising by spring. 

The council unanimously voted to approve the infrastructure funding with councilman Rob Nolley not in attendance Monday.

"Thank you very much for your investment in our community," said DeBaun.

Forestar Group acquires land that will then be turned over to D.R. Horton to build homes. D.R. Horton is currently adding houses to the Twin Lakes subdivision in Shelbyville.

"Let me tell you, Shelbyville has been a joy to deal with," said Garrard. "The reputation is getting out with other developers and builders."