Tax Credits Announced

The IHCDA Board of Directors meeting was held on November 15 at North Harrison Senior Apartments in Shelbyville. The board approved staff recommendations for the remaining 2018 RHTC Awards and the 2019 RHTCs.
Once the work is completed, this funding will help to develop or preserve over 1,000 units of affordable housing for residents throughout Indiana...more.

Launch of the Opportunity Investment Consortium

The Opportunity Investment Consortium of Indiana officially launched in efforts to intentionally champion the transformation of Opportunity Zone neighborhoods into vibrant places for residents and businesses. The Consortium has just released an online portal to aid in matching projects in need of funding in these specified census tracts to potential investors.

In April, Governor Holcomb nominated 156 Indiana census tracts to become Opportunity Zones. Civic leaders took immediate action, coalescing to launch the first statewide consortium comprised of a public/private coalition of investors poised to invest in Opportunity Zones.  

Ribbon Cutting of Davis Zeller Place

On November 16 we joined Lt. Governor Suzanne Crouch for the ribbon cutting of Davis Zeller Place, an affordable senior rental community comprised of two renovated historic buildings and a set of newly constructed duplexes. Two historic landmarks – the Davis Building and the Brazil Jr. High School building – have been preserved and revitalized; the new construction is located on sites identified through the Blight Elimination Program. 

Moving Forward RD Workshop

On November 7-8, Energy Systems Network (ESN) hosted a workshop for the three developers particpating in the Moving Forward Rural Development (RD) program. The workshop brought together industry experts from throughout the country to work with the developers on strategies to reach their goal of rehabbing at least 10 USDA Rural Development properties each. The executive summary from the workshop can be found here.

New CreatINg Places Campaign Launched

Monarch Commons is the latest CreatINg Places crowdfunding campaign to launch. The campaign, which is offered through the crowdfunding platform developed by Patronicity, plans to take vacant, underutilized lots and turn them into a vibrant common area with the addition of art, seating and a stage.

Interested in starting a project in your community? Click here for more information.