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.
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.
Indiana Guidance for Assisted Living/Residential Care Facilities Mitigation Strategies
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.
Indiana Issues Stay at Home Order; Foreclosure, Eviction Moratorium
On Monday, March 23, Indiana Governor Eric Holcomb issued Executive Order 20-08 entitled “Directive for Hoosiers to Stay at Home.”
Greystone & Woda Cooper Selected as Recipients of Indiana’s Rural Development Initiative
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 Perspectives Survey
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 […]
Three Developers Selected to Participate in Indiana’s Moving Forward Rural Development Program
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 Announces First Property Purchased for Indianapolis’ Equitable Transit-Oriented Development Fund
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.
Indiana HCDA Board Approves Funding to Preserve over 800 Units of Affordable Housing with Tax Exempt Bonds; Adopts 2020-2021 QAP
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) […]
Woda Partners with Veterans Organization to Develop Supportive Housing
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.
Partner Insights: Novogradac Publishes Blog Post On Bond Issuance Trends
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 Releases Example Issues in Market Studies
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.