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Not for Profit organizations are IHCDA's most common partner. As an eligible entity for several of IHCDA's products and services, there is a wealth of opportunity for not for profit organizations to seek investment from IHCDA and utilize available resources in their respective communities.
All requests for any activity eligible under the HOME and Development Fund programs are required to submit proposals via IHCDA's Strategic Investment Process.
HOME - The HOME program provides funding to support the development of rental and homebuyer units (for both rehabilitation and new construction), owner occupied rehabilitation, as well as other housing activities.
DEVELOPMENT FUND - The Development Fund provides a non-federal resource for not for profit organizations to not only seek financing for housing, as listed above, but also for a limited array of community and economic development activities.
NEIGHBORHOOD ASSISTANCE PROGRAM - The Neighborhood Assistance Program (NAP) offers $2.5 million in tax credits annually for distribution by not-for-profit corporations. Organizations use NAP tax credits as an incentive to help them leverage more contributions from individuals and businesses for certain neighborhood-based programs and projects.
Eligible projects include affordable housing, counseling, child-care, educational assistance, emergency assistance, job training, medical care, recreational facilities, downtown rehabilitation, and neighborhood commercial revitalization. All projects must benefit economically disadvantaged areas and/or persons.
IHCDA provides, free of charge, a website where Indiana residents can search for affordable rental units throughout the state. Developers and property managers are encouraged to list their available properties and units, as well as provide photos and details of each property. Many developments have filled their vacant units by utilizing this free service. Click here to see what available units are located in your area.
In Indiana, there are 23 Community Action Agencies that serve all 92 counties of Indiana and comprise the Indiana Community Action Network. Each Community Action Agency periodically analyzes community needs to identify strategies that will work best in attacking poverty. Each CAA is distinct because its programs reflect the needs of their local communities. These agencies are unique in their ability to deploy diverse program activities and services in meeting their mission.
Community Action Agencies operate an array of programs which include, but are not limited to: Head Start, Energy Assistance Program, Weatherization Program, Individual Development Accounts, Homeownership Counseling, Owner Occupied Rehabilitation, Housing Development, Foster Grandparents, Child Care, and many more programs and services.
Click here to locate the Community Action Agency in your area.