As a certified Community Development Financial Institution, INHP is a catalyst for the development and preservation of affordable housing and homeownership strategies that align with Marion County neighborhood priorities.

Maximum aggregate outstanding: $500,000 secured; $200,000 unsecured. Revolving lines of credit can be no more than $250,000.
Terms: Up to 12 months with an option to extend 60 days up to a maximum of 120 days.
Rate: Starting at 4.5 percent fixed rate secured or 6 percent fixed rate unsecured.
Loan-to-value ratio: Generally up to 90 percent of lesser of cost or appraised value.
Repayment: Balloon loans with interest payments determined on a case-by-case basis; no prepayment penalties.
Fees: Greater of $500 or .5 percent of loan amount.

INHP financed Near North Development Corporation’s development of nine homes in the Crown Hill neighborhood.