Indiana

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

The Indiana Division of Aging posted updated guidance for mitigation strategies to reduce the spread of infection in facilities with a resident who has a confirmed or suspected case of COVID-19. The document includes general principles, personal protective equipment guidance, staffing recommendations and guidance for facilities and medical providers.

On Monday, March 23, Indiana Governor Eric Holcomb issued Executive Order 20-08 entitled “Directive for Hoosiers to Stay at Home.”

The Indiana Housing & Community Development Authority (IHCDA) Board of Directors recently approved funding to Biggs Development, Justus Property Management & Greystone Affordable Development and Woda Cooper as part of the Moving Forward Rural Development (RD) program.

Indiana Housing and Community Development, in partnership with the Sagamore Institute, is conducting a study on Indiana housing trends pre- and post-recession. Sagamore researchers are surveying housing professionals across the state to identify current critical issues housing professionals are experiencing or seeing in their regions/professions related to housing supply and demand, housing affordability, demographic shifts […]

The Indiana Housing and Community Development Authority (IHCDA) announced that Biggs Development, Justice Property Management & Greystone Affordable Development and Woda Cooper Companies were selected to participate in the Moving Forward Rural Development (RD) Program. IHCDA, in partnership with Energy Systems Network (ESN), will work with these three groups to take on the challenge to preserve a minimum of 30 USDA Rural Development (RD) properties.

Cinnaire announced the closing of a $400,000 loan with the Indianapolis Neighborhood Housing Partnership® (INHP) for land acquisition for development of affordable housing one block from a Red Line bus rapid transit station in Indianapolis. The investment is the first loan from the $15 million Equitable Transit-Oriented Development fund launched in February 2019.

The Indiana Housing & Community Development Authority (IHCDA) Board of Directors approved Bond Volume/ 4 percent Credits to preserve over 800 units of affordable housing in the cities of Bloomington, Evansville, and Indianapolis, with a total development cost of $78 million. The board also approved the final draft of the 2020-2021 Qualified Allocation Plan (QAP) […]

A new partnership between Woda Cooper Companies, Inc. (Woda Cooper) and Hoosier Veterans Assistance Foundation of Indiana (HVAF) was selected as one of six teams to participate in the 2019 Indiana Supportive Housing Institute.

Woda Cooper and HVAF are in the early planning stages for a new affordable housing community in Indianapolis, with 25 percent of units set aside as supportive housing for veterans. HVAF’s partnership with Woda Cooper marks the first time HVAF will develop permanent supportive housing.

A new note from Peter Lawrence with Novogradac and Co. analyses state use of the private activity bonds (PABs). In 2017, eleven states reported no multifamily PAB issuance, up from ten in 2016 and down from the high of 30 in 2011.

Indiana Housing and Community Development has released a non-exhaustive lists of issues found with last year’s market studies. The list is provided in order to help analysts when composing studies for this year.

IHCDA has recently released a document explaining the use for income averaging for 2018 and 2019. made income averaging available to all 2018 projects that have not received an 8609. 2019 applicants may also utilize income averaging and a form to include in an applications is forthcoming for this purpose. The 2019 QAP and set-asides have not been altered in any way.

4% / bond developments which have received an allocation but have not yet submitted a final application may request a modification in order to adopt income averaging. Modifications cannot be given to projects which have already been issued an 8609.