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Indianapolis Neighborhood Housing Partnership

AFFORDABLE REHABBED HOMES

For your clients who are interested in living in urban neighborhoods experiencing revitalization, INHP offers unique loan options for low- to moderate-income individuals who want rehabbed homes at an affordable price.

HOME VALUE GUARANTY

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WHAT IS THE HOME VALUE GUARANTY PROGRAM? 

Home Value Guaranty (HVG) is a program that incentivizes homebuyers to invest in designated areas within five Indianapolis neighborhoods. HVG is designed to create excitement and provide opportunity.

Homebuyers can purchase:

  • A vacant or abandoned home that needs extensive repairs.
  • A new or rehabbed home put on the market by a local community-based organization (CBO) or approved developer.
  • An empty lot for building a home.

The program guarantees that after seven years, the home will appreciate 5 percent above the total cost to purchase and repair it.

The guaranty: If the home’s value doesn’t increase, INHP will reduce the homebuyer’s mortgage.

Click below to download the Home Value Guaranty program brochure.

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WHERE ARE THE ELIGIBLE PROPERTIES?

Click on an area in the map to view the eligible property boundaries. Or click to view eligible Renew Indianapolis properties.

WHO DO I CONTACT ABOUT PROPERTIES FOR SALE WITHIN EACH AREA?

MORTGAGE ACCELERATOR

With this program, your clients can choose a 25- or 20-year finance option that will allow them to pay off their mortgage faster. Details online or contact INHP for more information.

MORE FIXER UPPER OPTIONS

INHP's exclusive Revive Indy loan program lets income-eligible buyers buy anywhere in Marion County and add repair financing to the total loan. The loan must support the appraised value.

REAL ESTATE AGENT TRAINING

INHP provides training to real estate agents on HVG and other specialty loans. If a homeowner contacts INHP directly and doesn’t have an agent, they'll be given a list of trained agents.*

*The trained real estate agent list is NOT exclusive; it is an always-growing list.

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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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