IHCDA finances the homeownership programs through the issuance of Mortgage Revenue Bonds (MRBs). These bonds, a form of Private Activity Bond, are primarily tax-exempt, meaning that the interest paid to investors is exempt from federal income taxes (though it may be a preference item in the Alternative Minimum Tax calculation). However, taxable bonds are used to supplement volume at times. IHCDA's MRBs are AA+ and Aaa rated, by Fitch and Moody's respectively, and are sold through our underwriters and selling group members in 3-4 issues per year.

Update - IHCDA Bond Rating

SUPPLEMENT TO OFFICIAL STATEMENT - JULY 20, 2023

Relating to $135,000,000 Indiana Housing and Community Development Authority Single Family Mortgage Revenue Bonds

2023 Series C-1 - $45,000,000
2023 Series C-2 - $90,000,000

Please be advised that per United States of America’s Long-Term Foreign-Currency Issuer Default Rating, Fitch has downgraded the above-referenced bonds so that its cover page is changed to “RATINGS: Fitch: AA+” and the text under the heading “RATINGS” contained within the Official Statement.

Click here to review the Official Statement
Click here to review the Supplement to the Official Statement.  

Investor Template

For your convenience, IHCDA is making available an Excel template that upon being loaded onto a Bloomberg system will download all relevant loan data for MBS pools backing IHCDA bonds. Please e-mail investor_relations@ihcda.in.gov to send feedback on this template. Please click on the link below to download the template.

Investor Template

IHCDA has engaged DAC as its Disclosure Provider. To view IHCDA's secondary market disclosure information:

• Click here to go to http://www.dacbond.com/
• In the "DAC for Investors" box on the left, click on "Register" to select your personal username and password
• Your username and password will be immediately activated
• Type your username and password in the fields provided on the Home page or Login page
• On the bottom of the "Attention" page, click on "Continue"
• On the left in the "Quick Search", leave the first box defaulted to "Obligor"
• Type "Indiana Housing " in the second box and click the double arrows
• Click on "Indiana Housing Finance Authority " to view a list of issues OR click on "Disclosure" to view documents filed

Questions? Please call DAC at 888-824-2663 and speak with a customer service representative.

Audit Reports

Forvis, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, audited the financial statements of the business-type activities and each major fund of the Indiana Housing and Community Development Authority (the Authority), a component unit of the state of Indiana as of and for the year ended December 31, 2023, and issued a report on April 25, 2024.

Click here to access the 2023 Financial Statements and Independent Auditors' Report

Audit Reports Archive

Click here to access the 2022 Financial Statements and Independent Auditors' Report

Click here to access the 2021 Financial Statements and Independent Auditors' Report

Click here to access the 2020 Financial Statements and Independent Auditors' Report

Click here to access the 2019 Financial Statements and Independent Auditors' Report

Click here to access the 2018 Financial Statements and Independent Auditors' Report

Click here to access the 2017 Financial Statements and Independent Auditors' Report

Click here to access the 2016 Financial Statements and Independent Auditors' Report.

Click here to access the 2015 Financial Statements and Independent Auditors' Report.