INHP uses Lilly Endowment funds to create community development initiatives for Indianapolis families and neighborhoods

New programs break down barriers to comprehensive community development

INDIANAPOLIS, (Sept. 28, 2016) The Indianapolis Neighborhood Housing Partnership’s (INHP) board of directors approved a five-year plan to invest in community development initiatives that will enhance the quality of life and vibrancy of Marion County neighborhoods, and extend INHP’s impact in the critical area of Indianapolis housing. Made possible by a $26.6 million grant from Lilly Endowment Inc., each initiative will increase INHP’s collaboration with private, public and nonprofit sector partners to achieve tangible transformation in the lives of Indianapolis families.

“INHP finds itself, now more than ever, at the center of many community and neighborhood initiatives. This five-year plan to invest in programs that strengthen neighborhoods represents our board’s dedication to addressing barriers to growth that Indianapolis community development partners and advocates identified as impeding comprehensive community development success,” said INHP president Moira Carlstedt. “These new programs enhance INHP’s suite of services that support affordable housing options for families.”

The plan features two focus areas. The first includes direct support to low- and moderate-income families through specialty lending programs, down payment assistance, foreclosure prevention, comprehensive repair lending and other enhanced program offerings. The second focus area includes neighborhood and place making support, including support for the prevention and reduction of abandoned housing through flexible, long-term and affordable capital for collaborative community development initiatives in targeted geographies.

To review the complete list of transformational community initiatives, click HERE

About INHP

Established in 1988, the Indianapolis Neighborhood Housing Partnership (INHP) is the leading nonprofit homeownership resource in Marion County, Indiana, dedicated to neighborhood revitalization, and helping working families and individuals become and remain long-term, successful homeowners. INHP is a Community Development Financial Institution (CDFI) and partners with dozens of local, state and federal government agencies, community organizations, civic groups, banks and lending institutions, and corporations to achieve its mission. INHP offers U.S. Department of Housing and Urban Development (HUD) certified pre-purchase homeownership education, and financial and mortgage advising. The nonprofit also offers affordable mortgage, refinancing and home improvement loan options. INHP has empowered thousands of homeowners to sustain their investment in their homes, ultimately helping to strengthen and encourage the growth of vibrant Indianapolis neighborhoods. For information, visit inhp.org or call 317-610-HOME.

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