On February 22, the Real Estate Department presented their recommendations to the IHCDA Board of Directors.
Upon completion of the due diligence process it was determined that 47 applicants met the 2018-19 Qualified Allocation Plan (QAP) criteria. 17 of these applicants received RHTCs and nine received additional IHCDA financing.
The 17 projects selected combined for just over $14.4 million in RHTCs and $5.5 million in additional funding from the Development Fund, HOME and Housing Trust Fund. These developments will provide over 800 additional units of affordable housing options for residents throughout Indiana.
A full list of awarded recipients is available at IHCDA’s website.
