IHCDA is proud to manage a selection of programs that offer housing possibilities, promote self-sufficiency, and strengthen Indiana communities. The majority of these scheduled programs have an effect on enhancing the total well being for susceptible populations within our state, like the senior and people with disabilities. For the true purpose of this summary, individuals with disabilities includes people who have real or intellectual disabilities, in addition to individuals with psychological illness and addiction. Below is a directory of a several programs that are key initiatives that provide these target populations.
Rental Housing Tax Credits
The Rental Housing Tax Credit (RHTC) program allocates over $15.5M of federal income tax credits annually to for-profit and non-profit developers when it comes to construction or rehabilitation of affordable leasing housing. All devices produced through the RHTC system must certanly be rented to households at or below 60per cent of area median earnings. IHCDA helps to ensure that this program is used to help populations that are vulnerable set-asides within the Qualified Action Plan (QAP).
Indiana Supportive Housing Institute
A public/private partnership designed to reduce chronic and long-term homelessness in 2008, IHCDA and the Corporation for Supportive Housing (CSH) launched the Indiana Permanent Supportive Housing Initiative ( IPSHI. Up to now 48 teams have finished the Institute, leading to the development of 37 developments containing 1023 devices of supportive housing. Because of its success that is overwhelming and CSH have actually proceeded the Institute. Continue reading Development for Elderly and Persons with Disabilities