Lt. Gov. Crouch, IHCDA announce $15.7 million in grants and loans for affordable housing

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Lt. Gov. Crouch, IHCDA announce $15.7 million in grants and loans for affordable housing

Awards issued to construct and rehabilitate 144 units across Indiana

INDIANAPOLIS (July 28, 2023) – Lt. Gov. Suzanne Crouch and the Board of Directors for the Indiana Housing and Community Development Authority (IHCDA) announced nine projects have received awards from the HOME Investment Partnerships Program (HOME). This funding is used for the construction and/or rehabilitation of affordable rental housing for low and moderate-income residents.

“Affordable housing is vital to a community’s vibrancy,” said Lt. Gov. Crouch, Indiana’s Secretary of Agriculture and Rural Development. “Through HOME funding, these projects will create and restore hundreds of units, greatly benefitting the Hoosiers who live, work and play in those communities.”

  • Sunset Ridge Apartments, developed by Blue River Services, Inc., will receive $1.5 million in HOME awards and will build 10 affordable rental units in Corydon
  • Sellersburg Scholar House, developed by Family Scholar House, Inc., will receive $1.5 million in HOME awards and will build 18 affordable rental units in Sellersburg
  • McKinley Court, developed by Four Rivers Resource Services, Inc., will receive $776,800 in HOME awards and will build 8 affordable rental units in Columbus
  • 317 Arbor Ct, developed by Lacasa of Goshen, Inc., will receive $909,000 in HOME awards and will rehabilitate 7 affordable rental units in Goshen
  • Hattle Apartments, developed by Lacasa of Goshen, Inc., will receive $1.5 million in HOME awards and will rehabilitate 12 affordable rental units in Goshen
  • Milan Senior Housing Rehab, developed by Milan Housing for the Elderly, Inc., will receive $1.5 million in HOME awards and will rehabilitate 34 affordable rental units in Milan
  • Oakland Gardens, developed by New Hope Development Services, Inc., will receive $1.5 million in HOME awards and will build 8 affordable rental units in Oakland City
  • White River Landing, developed by New Hope Development Services, Inc., will receive $1,440,000 in HOME awards and will build 6 affordable rental units in Petersburg
  • Switzer Square Senior Rental Rehab Project, developed by Switzerland County Housing Inc., will receive $828,601 in HOME awards and will rehabilitate 41 affordable rental units in Vevay

“IHCDA is committed to creating and preserving affordable housing across the state,” said IHCDA Executive Director Jake Sipe. “Affordable housing is a vital asset to Indiana’s infrastructure. We will continue to work with our partners to close the housing gap and ensure housing remains affordable for all Hoosiers.”

Additionally, $1.5 million in HOME Innovation funds were awarded to Lacasa of Goshen, Inc., to create 8 permanent supportive housing units for persons with co-occurring substance use disorder and mental illness. Award applicants were required to attend an intensive HOME Project Development Training that focused on rental housing development, navigating federal requirements, design and implementation of permanent housing with supportive services, as well as supplemental trainings on planning, rental assistance resources and subsidy layering requirements.

HOME funding can also be used for capacity building activities for Community Housing Development Organizations (CHDOs). CHDOs are IHCDA-certified not-for-profit housing organizations that meet certain HOME regulations and are eligible to receive HOME funds to use as an operating supplement when carrying out a HOME-funded development.

For more information on the HOME program, visit IHCDA’s website.

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