Indiana Housing and Community Development Authority announces selected teams for first ever HOME Innovation Round

INDIANAPOLIS – The Indiana Housing and Community Development Authority (IHCDA) announced today the three teams that have been selected to participate in the agency’s first HOME Investment Partnerships Program Innovation Round and Project Development Training. The program will invest up to $6 million towards primarily the new construction of single-family homes in Elkhart, Hamilton and LaPorte counties.

“This program allows us to use innovative solutions to address a variety of community challenges,” said Indiana Lt. Governor Suzanne Crouch who serves as IHCDA’s board chair. “We look forward to working with these three non-profits to increase their capacity along with the availability of affordable housing in their communities.”

Provided below is a list of organizations selected to participate:

Project Lead: Greater Indy Habitat for Humanity and Renew Indianapolis, Inc.
Location: Fishers and Noblesville (Hamilton County)

Project Lead: Housing Opportunities, Inc.
Location: Michigan City (LaPorte County)

Project Lead: Lacasa, Inc.
Location: Elkhart and Goshen (Elkhart County)

In October of last year, IHCDA issued a Request for Proposals (RFP) seeking to select up to three non-profit respondents to propose an innovative affordable housing project to target an unmet need through the development of affordable rental and homeownership units.

As part of their selection, respondents are required to attend an intensive 60-hour HOME Project Development Training focusing on affordable housing development.

“We are committed to developing and partnering with non-profit organizations to further the mission of IHCDA,” said Jacob Sipe, Executive Director of IHCDA. “We are proud at the continued evolution of our Community Housing Development Organizations (CHDO) and other non-profits who help to ensure our funding is effectively used to meet the unique needs in their communities.”

Upon successful completion of this training, the selected respondents will be eligible to develop units for rental and homeownership using IHCDA’s HOME grant funding. IHCDA will make available $2 million per team for affordable housing construction through HOME after successful completion of the training. Construction applications are still subject to review by IHCDA, and final approval by IHCDA’s Board of Directors.

The Indiana Housing and Community Development Authority (IHCDA), chaired by Lt. Governor Suzanne Crouch, provides housing opportunities, promotes self-sufficiency and strengthens communities in order to build an Indiana with a sustainable quality of life for all Hoosiers in the community of their choice. For more information, visit www.in.gov/ihcda.

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