The U.S. Department of Housing and Urban Development (HUD) awarded a $13,557,160 Formula Grant under the Home Investment Partnerships Program (CFDA 14.239) to the Indiana Housing and Community Development Authority (IHCDA). This grant will enable IHCDA to expand the supply of affordable housing, particularly rental housing, for low- and very low-income residents across Indiana. Funds can be used for a range of eligible activities such as rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance. IHCDA plans to sub-grant portions of this award to various local nonprofit organizations, community action agencies, and public housing authorities to implement these affordable housing programs and services at the community level. The grant performance period extends through September 30, 2033.
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