INDIANA – The Indiana Housing & Community Development Authority 2022 Annual Report is available to those interested in a quick glimpse into the progress made in fulfilling the agency’s mission and vision.
Throughout the report, you can read how IHCDA is working to build a stronger, healthier Indiana.
Click here to go directly to the report.
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The first two programs you’ll read about are the Homeownership Program and the HOME Homebuyer Program. Both of these programs focus on building wealth through homeownership, a large part of the American Dream.
The Homeownership Program offers two forms of financial assistance to qualified first-time (and some repeat) homebuyers. Down Payment Assistance of up to 6% is available to allow purchasers to get to the closing table sooner than otherwise possible. And a Mortgage Credit Certificate can be paired with 3.5% Down Payment Assistance and a qualifying loan to provide financial relief by reducing the buyer’s federal income tax.
The HOME Homebuyer Program provides funding, nearly $2.5 million this year, directly to nonprofit organizations for the construction of new affordable, for-purchase homes. By granting funds directly to these nonprofits, IHCDA is able to provide additional support for homeownership at attainable prices throughout the state.
To read more about these and other programs here.
