IHCDA is proud to administer a number of programs that offer housing possibilities, promote self-sufficiency, and strengthen Indiana communities. The vast majority of these scheduled programs have an effect on enhancing the well being for vulnerable populations within our state, such as the senior and individuals with disabilities. For the true purpose of this summary, people with disabilities includes those with physical or disabilities that are intellectual along with individuals with psychological infection and addiction. Below is a directory of some 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 when it comes to construction or rehabilitation of affordable leasing housing. All devices developed through the RHTC program needs to be rented to households at or below 60per cent of area income that is median. IHCDA helps to ensure that this program is used to help vulnerable populations through set-asides into the certified Action Arrange (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. To date 48 teams have actually finished the Institute, causing the creation of 37 developments containing 1023 units 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 leasing assist with extremely low-income families, older people, and persons with disabilities to enable them to pay for decent, safe, and sanitary housing into the personal market. (mais…)