Indiana
Indiana Publishes Income Averaging Policy for 9% Projects
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.
Indiana Publishes Policy on Income Averaging for 4%/Bond Projects
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.
Indiana Adds Additional LIHTCs to July Round, Income Averaging Guidance Forthcoming
Additional credits will also be allocated to the 2018 General Set-Aside (Moving Forward 3.0) in an amount that does not exceed 10% of the total credit authority for 2018.
Indiana Updates Workforce Housing Set Aside in QAP
IHCDA is changing the qualification in 2019 to require that an application competing in the Workforce Housing set-aside must have 100% of its units in a qualifying county or counties.
Indiana Post-Floods Reminds Property Management to Update Vacancy Lists
In addition, if any IHCDA funded properties have experienced damage, the owner must contact IHCDA.
Indiana Awards 17 Projects with $14.4 Million in Housing Credits
These developments will provide over 800 additional units of affordable housing options for residents throughout Indiana.
Indiana Announces 2018 Housing Tax Credit Recipients
The 17 projects selected combined for just over $14.4 million in tax credits and $5.5 million in additional funding from the Development Fund, HOME and Housing Trust Fund.
Indiana Seeks Opportunity Zone Designations
Governor Eric J. Holcomb is asking citizens, developers, investors and government and community leaders to recommend census tracts for federal designation as Opportunity Zones. The goal of this new federal program, created by the 2017 Tax Cuts and Jobs Act, is to revitalize low-income communities with tax incentives that encourage investment and job creation. The […]
Indiana Releases HOME Supplemental Round Application (App. Updated 2/26)
IHCDA’S HOME Investment Partnership Program Supplemental Round Policy and Application are now available on IHCDA’s HOME webpage, including a recent update from Feb. 26th to the Application. Schedule: March 2018 – Application Webianr April 23, 2018 – Applications Due June 28, 2018 – HOME Awards Announced
Indiana Extends Timeframe for Market Analysts to Become NCHMA Certified (4/30)
On October 16, 2017, IHCDA published modifications to the new Market Study Providers Guidelines. As one of the modifications, IHCDA stated that as of January 1, 2018, all firms and individuals that wish to submit market studies for any program administered by IHCDA will be required to be members of NCHMA and to be certified […]
Indiana Hosts CSBG Training Feb. 6
Program Evaluation Session When: February 6 10 am ~ 3 pm (lunch not provided) Where: IHCDA OFFICE 30 S. Meridian St. 8th Floor, Room #3 Indianapolis, IN 46204 WORKSHOP OBJECTIVE: Participants will learn about planning, implementing and using program evaluation. Registration link: https://form.jotform.com/71934303537153
Indiana Opens Comment Period for Housing First Program: Rental Assistance Related to Mental Illness and/or Chemical Addiction
IHCDA has released a draft of the Indiana Housing First Program: Application Process & Compliance Requirements manual. The draft policy can be found on the IHCDA Supportive Housing webpage.