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Indiana Housing & Community Development Authority Down payment assistance, low-interest rate loans and tax credits available. Credit score must be 640 or greater and must be a legal U.S. resident ...
The Stellar Communities [2] program is a multi-agency partnership designed to fund comprehensive community development projects in Indiana's smaller communities. The Indiana Office of Community and Rural Affairs (OCRA), the Indiana Housing & Community Development Authority (IHCDA), [3] and the Indiana Department of Transportation (INDOT), along with the State Revolving Fund, are participating ...
Oct. 12—SOUTHERN INDIANA — Community agencies in Southern Indiana are working together to help fill a gap in assisting the increasing number of residents at risk for eviction as the pandemic ...
The Federal Housing Administration (FHA), Department of Veterans Affairs (VA) and Department of Agriculture (USDA) back mortgage programs that are often an option for first-time homebuyers ...
Additionally, the treasurer is the vice-chairman of the Indiana Housing Finance Authority and the Indiana State Police Pension Fund. As a member of these boards, the treasurer has a wide range of influence on the state's financial management. [1] The treasurer is also the head of several of the most important state financial organizations.
The U.S. Housing and Urban Development (HUD) Department is responsible for administering the National Housing Trust Fund. When funded, states or their designated entities (for example, Housing Finance Commissions) are eligible to receive funding through formula grants based on population and need. States will then distribute funding to project ...
In a DPA second mortgage program, you’ll apply for a 30-year mortgage to finance the home and then another mortgage for a smaller amount to help with the down payment or closing costs.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.