Fall Creek Place involves the transformation of a blighted inner-city neighborhood into a healthy, mixed-income, and diverse community providing a range of housing opportunities, recreational amenities, and commercial support services.  Fall Creek Place includes over 550 new and rehabilitated homes, including both new construction and rehabilitation activity.  The development is a mixed-income initiative, with 51 percent of homes targeted to households at or below 80 percent of the city's median income.

Over $15 million of public infrastructure improvements are included, funded through a City-issued tax increment financing (TIF) bond, and the City contributed an additional $4 million towards downpayment assistance funding for qualified buyers.  Initially planned as a seven-year development to be completed in three phases, the first 300 homes were complete in under three years and the project has moved into an unplanned fourth phase.  The median home sale price in Fall Creek Place is $145,000 and sales have ranged from a low of $94,000 to a high of $380,000.