IHCDA is proud to manage many different programs offering housing possibilities, promote self-sufficiency, and strengthen Indiana communities. The majority of these programs have an effect on improving the well being for susceptible populations within our state, like the senior and individuals with disabilities. For the true purpose of this summary, individuals with disabilities includes people with real or disabilities that are intellectual along with people that have psychological disease and addiction. Below is a directory of a number of the 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 designers for the construction or rehabilitation of affordable rental housing. All devices developed through the RHTC system must certanly be rented to households at or below 60per cent of area income that is median. IHCDA helps to ensure that this program is employed to help susceptible populations through set-asides in the registered Action Arrange (QAP).
Indiana Supportive Housing Institute
In 2008, IHCDA additionally the Corporation for Supportive Housing (CSH) launched the Indiana Permanent Supportive Housing Initiative (IPSHI), a public/private partnership built to reduce chronic and long-lasting homelessness. Up to now 48 teams have actually finished the Institute, causing 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.
Leasing Assistance Programs
• Housing Selection Voucher Program – provides rental help really low-income families, older people, and individuals with disabilities in order to manage decent, safe, and sanitary housing within the market that is private.