This monthly newsletter provides information and updates from the Real Estate Department (RED) at the Indiana Housing and Community Development Authority (IHCDA). If you have a specific interest or subject area that you would like to read more about please contact us.
2016 Federal Program Income and Rent Limits
Per the requirements of the 2013 HOME Final Rule, IHCDA must annually approve the rents to be charged at each HOME-assisted rental development. Therefore, all properties with IHCDA HOME-assisted rental units must complete the HOME Rent Update Form (Compliance Form #46) originally due July 1, 2016. If a form has not been submitted already for a HOME-assisted property, please submit this form by September 10, 2016 to avoid being out of compliance with HOME regulations. The original notice and form can be found within RED 16-35. If there are any questions, please contact a Regional Compliance Auditor today!
Indiana Housing Conference Awards
At
the Indiana
Housing Conference awards luncheon last week we awarded four Indiana
properties with Excellence in Affordable Housing Awards. Presented to the most
outstanding properties in four categories, these awards celebrate the best in
Indiana affordable housing development...more.
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IHCDA awards $4.6 million for OOR projects
Last week the IHCDA Board of Directors approved combined awards of more than $4.6 million to 20 Indiana municipalities for the development and implementation of Community Development Block Grants (CDBG) Owner Occupied Rehabilitation (OOR) projects...more.
McKinley School Apartments
Crestline Communities, The City of Logansport,
IHCDA, and tenants of McKinley School Apartments in Logansport gather to
celebrate the 30th anniversary of the Low Income Housing Tax Credit
Program (LIHTC) on August 11th.
McKinley School
Apartments is a redevelopment of an old school building with 8 units being
built within the current structure. An additional 30 units of new construction
were added to the development. All 38 units are one and two bedroom apartments
for residents aged 55 and older.
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High School Heights Apartments
Community Action Program of Western Indiana's (CAPWI)
HOME project, High School Heights Apartments in Fowler, Indiana. Phase I
development is underway for senior housing.
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Redbud Village Apartments
IHCDA celebrates the 30th anniversary
of the Rental Housing Tax Credit (RHTC) program during a celebration event at Redbud
Village Apartments, a 48 unit RHTC development in Huntington.
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