Indiana

Indiana’s Historic Renovation Grant Program will open for applications on July 6.

Indiana Governor Eric Holcomb (R) signed into law an omnibus tax law that creates a State LIHTC for fiscal years after June 30, 2023. S.B. 382 creates an Indiana LIHTC available to recipients of Federal four percent LIHTCs that can be taken over five years and carried forward up to nine years. The Indiana credit will be for up to 100 percent of the federal credits issued to the property.

Indiana Housing and Community Development Authority announced partnerships with two organizations to provide housing stability services to Indiana renters under the Emergency Rental Assistance 2 program.

The Indiana Housing and Community Development Authority announced it will accept applications from renters in all 92 counties for the Indiana Supreme Court’s Eviction Diversion Program, which is an additional tool to promote housing stability across the state.

Merchants Capital said its real estate equity team, in partnership with First Merchants Bank, The National Bank of Indianapolis and Merchants Bank of Indiana, reached the closing of Indiana Social Impact Housing Equity Fund II, LP. The Fund targets large-scale revitalization of vacant single-family homes in traditionally disinvested neighborhoods in and around downtown Indianapolis. 

Co-developers HVAF of Indiana and Woda Cooper Companies, Inc. announced they hosted a ceremonial groundbreaking at Proctor Place for the new 61-unit, high-quality affordable housing community supported with housing tax credits allocated by the Indiana Housing & Community Development Authority (IHCDA), with 15 units set aside for homeless veterans. The $12.6 million Proctor Place is being constructed at 240 N. Warman Ave. on the Central Greens campus, just west of downtown Indianapolis, Woda said. 

The Indiana Housing & Community Development Authority released the first draft of the 2022 – 2023 QAP and will hold a virtual public hearing on February 5 at 10 a.m. ET. Public comments on the first draft of the QAP can also be sent to: Alan Rakowski, Director of Real Estate Allocation, at arakowski@ihcda.in.gov.

A bill introduced in the Indiana Senate would create a state LIHTC for a percentage of the federal four percent LIHTCs received by properties. S.B. 214 would make the state LIHTC transferrable and the credit could be carried forward up to nine years. The state credit would be for 40% to 100% of the federal […]

Indiana Governor Eric Holcomb (R) recently announced that the state will allocate an additional $15 million to the COVID-19 Rental Assistance Program. Governor Holcomb also announced that he intends to allow the rental property eviction and foreclosure moratorium and ban on disconnecting utility services to expire on August 14.

On July 13 at 9:00 am CT the Indiana Housing & Community Development Authority (IHCDA) began accepting applications through the Rental Assistance Portal. The portal connects Hoosiers to a variety of rental assistance programs administered by IHCDA.

The Indiana Housing & Community Development (IHCDA)  changed the 2021 nine percent application due date from July 27 to 120 days after the termination of the Governor’s Executive Order for stay at home restriction.

The Indiana Housing and Community Development Authority (IHCDA) instructed all market analysts, capital needs assessors and appraisers performing work for developments funded by IHCDA or applying for funding through IHCDA to cease site visits, fieldwork and onsite inspections until further notice.