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Indianapolis Neighborhood Housing Partnership

INDIANAPOLIS (Sept. 18, 2018) – The Indianapolis Neighborhood Housing Partnership is fulfilling its goal of catalyzing change in Indianapolis neighborhoods.

Earlier this year, the 30-year-old nonprofit brought Marion County a new way to fund single-family housing and neighborhood revitalization. Today, INHP has deployed more than $4.5 million to create 29 affordable homes in three Indianapolis neighborhoods, some of which haven’t experienced new home construction in decades.

Seven of the new homes have been purchased already. With an average price tag of approximately $144,000, the homes address the shortage of affordable housing for low- to moderate-income people. House styles vary, including a mix of rehabbed and new construction homes, and are located within the Crown Hill, Riverside and St. Clair Place neighborhoods.

As an innovator and champion for affordable housing development, INHP is one of a few entities across the U.S. that used the federal New Markets Tax Credit (NMTC) program* to help provide the financing needed to construct affordable homes.

The NMTC program is one of the ways INHP is fulfilling its vision to create safe, decent affordable housing and turn neighborhood liabilities—abandoned properties that are detrimental to a street, block, or neighborhood—into assets. The effort also helps realize Indianapolis Mayor Joe Hogsett’s goal to transform 2,000 abandoned houses throughout the city into viable community assets.

To learn more about how INHP is championing affordable housing and quality of life in Indianapolis, visit INHP.org/mission-and-impact.

*Through a competitive process, the federal government awards tax credit allocations to community development entities. INHP received its NMTC financing from the Housing Partnership Network (HPN), the community development entity of which INHP is a member. Smith NMTC Associates served as consultant, leveraging their strategy – to use NMTCs as a source of funding for affordable single family homeownership.

INHP office holiday hours

Starting Dec. 25, 2019, through Jan. 1, 2020, all INHP office locations will be closed for the holidays. We will resume normal hours of operation at 8:30 a.m., Jan. 2, 2020.

 

INHP will respond to any inquiries or form submissions made via our website or email system in the order they were received after we reopen. If you do not hear from an INHP representative by Jan. 9, 2020, please call 317-610-4663.

 

We wish you a warm and happy holiday season!

INHP offices are closed

Due to inclement weather, all INHP office locations are closed until 10 a.m., Dec. 17. At this time, staff are not able to answer phone calls; however, you may still use our online services, including:

  • Completing an online form for our home purchase or home repair programs
  • Registering for an INHP education course
  • Taking an online education course

We look forward to continuing operations and serving you once weather permits. If your request is urgent, please leave a voicemail at 317-610-4663. We will return your call in the order it was received as soon as we return to normal business hours.


We apologize for any inconvenience.

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