Crown Hill Heritage Foundation’s anchor housing program offers down payment assistance to people interested in buying a home near southern Butler-Tarkington and portions of four historic Midtown neighborhoods that intersect at Maple Crossing (38th and Illinois streets). It also offers financial assistance to people who already live in this area, and who are interested in making exterior home repairs to the home they already own and occupy.

Here’s how it works: Crown Hill Heritage Foundation provides a five-year, forgivable loan to purchase or repair a home within a pre-determined geography. 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), in partnership with the Midtown Anchor Coalition and Midtown Indianapolis, Inc.

Interested in participating in Crown Hill Heritage Foundation’s anchor housing program? Here’s what you need to know:

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Homes must be located within the neighborhood boundaries Crown Hill Heritage Foundation approved.

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You can participate in the program one time.

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The program is first-come, first-served. A limited number of home purchase or home repair forgivable loans are available. Income and other eligibility restrictions may apply. *

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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.

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If you are purchasing a home, unbiased loan officers will help you compare interest rates, down payment requirements 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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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.

* See the FAQ section below for more information. Rates and terms are subject to change without notice.