Indiana

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

QAP Indiana

Indiana Opens Historic Renovation Grant Program

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

Indiana

Indiana Enacts State LIHTC

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.

QAP Indiana

Indiana Announces New Partnerships for Statewide Renter Services

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.

QAP Indiana

Indiana Launches Statewide Housing Stability Partnership

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.

Indiana

Merchants Capital Raises $2.7 Million Support Neighborhood Housing  

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. 

Indiana

Woda Cooper Hosts Groundbreaking in 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. 

QAP Indiana

Indiana 2022-2023 QAP Hearing – Feb. 5

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.

QAP Indiana

Indiana Bill Would Create State LIHTC for Percentage of Federal Four Percent Credit Allocation

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

Indiana Adds $15 Million to COVID-19 Rental Assistance Program, Moratoriums to Expire Aug. 14

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.

QAP Indiana

Indiana Offers COVID-19 Rental Assistance

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.

QAP Indiana

Indiana Extends Nine Percent Application Deadline; Suspends Four Percent Applications

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.

QAP Indiana

Indiana Halts Field Work for Market Analysis and Capital Needs Assessments During COVID-19; Virtual Work Can Continue

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.

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