Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Indiana Housing And Community Development Authority $3.296 million in Housing Trust Fund formula grant funding on September 18, 2025, to expand and preserve the supply of affordable rental housing for extremely low-income and very low-income households across Indiana.

IHCDA, a quasi-public state agency, administers the award as a pass-through entity, distributing funds to local nonprofits, community action agencies, and public housing authorities throughout Indiana's 92 counties. The period of performance runs through September 18, 2032, with place of performance in Indianapolis, Indiana. Under Housing Trust Fund program requirements, IHCDA must commit all funds to projects within 24 months and expend them within 5 years. The agency is required to submit an HTF allocation plan as part of its annual action plan no later than August 16, 2026, and to maintain records documenting compliance for five years beyond the required period of affordability for each project.