The Indiana Finance Authority says they are now accepting applications for the Residential Housing Infrastructure Assistance Program. It’s a low interest loan available for communities to fund projects that support residential housing development.
State Representative Doug Miller of Elkhart wrote legislation that both created and expanded this program. He says this program has added more than 3,000 housing units in the first two rounds of funding.
“Indiana communities continue to grow and we need to make sure we have the housing available to meet demand. Expanding housing access will alleviate pressure in the market and help more Hoosiers become homeowners. Over the past two years, this program has seen tremendous success, helping communities invest in housing to support Hoosier families. By streamlining the sluggish permitting process, we can speed up housing development and reduce costs for Hoosiers,” said Miller.
The new state budget passed this year appropriated $50 million to the Residential Housing Infrastructure Loan Program over the next two years. Miller says this will continue efforts to meet the high demand for housing by lowering costs and reducing barriers that can impede housing projects.
State Representative David Abbott of Rome City says municipal governments can apply for loans for certain infrastructure projects like electric or gas distribution lines.
“Affordable home ownership has always been the American Dream. It must be available to more Hoosiers. With newly increased housing options, communities can attract and retain residents, thereby increasing their workforce that will help to support the local economies,” said Abbott.
7 comments
Handing out government money doesn’t magically “reduce costs for Hoosiers”, it simply shifts those costs to the working taxpayers. Without footing the bill for these government handouts for the nonworking class, the actual working Hoosiers could afford to live.
This legislation literally is contributing to the issues it was allegedly designed to fix.
What about helping community with home owners that need help with HUD housing , an home improvement…
Does anyone know of a mortage lender who specializes in helping those who are disabled get a mortage loan? There are so many programs and grants avaliable but I have no clue where to go or how to apply for these loan programs and grants to help me get into a home or condo.
Please don’t take away the food and produce assistance from south bend, in
I am 63 and disabled with MS
How can I receive housing assistance, please
Is this HUD housing
Where do get form fill out