Your employer's anchor housing program offers employees interested in buying a home near their employer down payment assistance. It also offers financial assistance to homeowners already living near their employer to repair their home's exterior.

Here's how it works: Your employer's program provides a five-year, forgivable loan to purchase or repair a home within the geographic boundary your employer selected. Each year, on the anniversary of the month you closed on your loan, 20 percent of the loan balance will be forgiven. After five years, the loan will be completely forgiven.

This program is facilitated by the Indianapolis Neighborhood Housing Partnership (INHP), and offered to you as an added employee benefit. For information about your current list of employee benefits, contact the human resources department.

Interested in participating in your employer's anchor housing program? Here's what you need to know:

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The program is first-come, first-served. A limited number of home purchase or home repair forgivable loans are available. *

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Repairing your home? You could qualify to receive help from INHP to select contractors. INHP will also help make sure the contactor completed the work proposed.

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Homes must be located within the neighborhood boundaries your employer approved.

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You can participate in the program one time.

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If you are purchasing a home, unbiased loan officers will help you compare interest rates, down payment and loan terms so you can choose the right loan for you. If needed, INHP offers pre-purchase homeownership advising. Click here for information about advising and related costs.

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If you are purchasing a home, you will be required to take a homebuyer education class, provided by INHP. Click here for information about the class and related costs.


* Income and other eligibility restrictions apply. See the FAQ section below for more information. Rates and terms are subject to change without notice.