Scecina’s anchor housing program offers down payment assistance to employees interested in buying a home near the school. It also offers financial assistance to homeowners already living near Scecina to repair their home’s exterior.

Here’s how it works: Scecina’s program provides a five-year, forgivable loan to purchase or repair a home within the geographic boundary selected by Scecina and its collaborating anchor institutions. Each year, on the anniversary of the month you closed on your loan, 20 percent of the loan balance will be forgiven if you continue to be employed by Scecina and maintain the home as your primary residence. After five years, the loan will be completely forgiven.

This program is facilitated by the Indianapolis Neighborhood Housing Partnership (INHP) and offered as an added employee benefit. The program is first-come, first-served for up to four employees who meet eligibility requirements, including household income requirements.

Interested in participating in Scecina’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 grants are available.*

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Making repairs? INHP could help you select qualified contractors.*

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

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

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


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