The Indiana Affordable Housing and Community Development Fund ("Development Fund") was established in 1989 to provide financing for affordable housing and community economic development projects in Indiana.  Development Fund regulations may be found in Indiana Code 5-20-4. Developments also involving federal funding such as HOME Investment Partnership Program ("HOME"), tax-exempt bonds, or Low-Income Housing Tax Credits ("LIHTC") must comply with the requirements of those programs.

The Development Fund provides loans of up to $500,000 per development for eligible activities as defined within this policy.

2024 Development Fund Manual - Final Draft

Development Fund Application for Rental Development - Updated April 20, 2021
Development Fund Application for Homebuyer Development

Grant and Loan Resolutions

Local Unit of Government Borrowing Resolution
Not-for-Profit Borrowing Resolution
Local Unit of Government Grant Resolution
Not-for-Profit Grant Resolution

For more information on this funding option, please contact Zaneta Scott, Loan Processing and Asset management Analyst, at zscott@ihcda.in.gov or 317.232.4025.