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 your human resources department.

Interested in participating in Jane Pauley Community’s Center’s anchor housing program? Here’s what you need to know:

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The program is first-come, first-served.

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A limited number of home purchase or home repair forgivable loans are available.*

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Income and eligibility restrictions apply.*

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You can participate in the program one time.

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Current homeowners can receive help from INHP to select qualified contractors.

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Current homeowners in the approved area could qualify to receive funding for exterior improvements.

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Homes must be located within the neighborhood boundaries approved.

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Homebuyers must take a homebuyer education class. Learn about the class and related costs here.

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Unbiased loan officers will help you compare interest rates, and down payment and loan terms. Learn about advising and related costs here.

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Homebuyers must participate in pre-purchase homeownership advising. Learn about advising and related costs here.

* Income and other eligibility restrictions apply. Household income must be or below 120 percent of Area Median Income as defined by the U.S. Department of Housing and Urban Development to participate in the program. See the FAQ section below for more information. Rates and terms are subject to change without notice.