IHCDA is proud to administer a selection of programs that offer housing possibilities, promote self-sufficiency, and strengthen Indiana communities. The majority of these programs have an effect on enhancing the well being for susceptible populations within our state, like the senior and people with disabilities. For the true purpose of this summary, individuals with disabilities includes people with real or disabilities that are intellectual along with individuals with psychological infection and addiction. Below is a directory of some of the programs that are key initiatives that provide these target populations.
Rental Housing Tax Credits
The Rental Housing Tax Credit (RHTC) program allocates over $15.5M of federal income tax credits annually to for-profit and non-profit designers for the construction or rehabilitation of affordable leasing housing. All units developed through the RHTC program should be rented https://realbadcreditloans.com/payday-loans-wy/ to households at or below 60per cent of area median earnings. IHCDA helps to ensure that this system is useful to help populations that are vulnerable set-asides into the certified Action Arrange (QAP).
Indiana Supportive Housing Institute
In 2008, IHCDA therefore the Corporation for Supportive Housing (CSH) launched the Indiana Permanent Supportive Housing Initiative (IPSHI), a public/private partnership built to reduce chronic and long-lasting homelessness. To date 48 teams have actually finished the Institute, leading to the development of 37 developments containing 1023 devices of supportive housing.