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The Indiana Affordable Housing and Community Development Fund ("Development Fund") was established in 1989 to provide financing options for the creation of safe, decent, and affordable housing and for economic development projects in Indiana communities. Development Fund regulations may be found in Indiana Code 5-20-4. Developments also involving federal funding (e.g. HOME Investment Partnership Program ("HOME") or Community Development Block Grant ("CDBG")), tax-exempt bonds, or Low-Income Housing Tax Credits ("LIHTC") must comply with the requirements of those programs
The Development Fund provides a loan of up to $500,000 (or a grant in limited special circumstances) for eligible activities as defined within the policy below.
For more information on this funding option, please contact Darin Edwards, Underwriting and Closing Manager at email@example.com or (317)-233-4611