Housing authority awarded $7M HUD grant
INDIANAPOLIS (Inside INdiana Business) – The Indiana Housing and Community Development Authority was awarded a $7 million grant from the U.S. Department of Housing and Urban Development to support affordable rental housing. The organization says the funding will allow it to connect extremely low-income people with disabilities to accessible and affordable housing.
The IHCDA says it will work closely with the Indiana Family and Social Services Administration to identify, refer and conduct outreach to people with disabilities who require long-term services to live independently.
“This funding will increase affordable housing opportunities for low-income individuals with disabilities in Indiana,” said Lieutenant. Governor Suzanne Crouch, who serves as board chair of IHCDA. “It will also promote greater independence through access to appropriate supportive services.”
The IHCDA says it will use this funding to provide rental subsidies to multifamily properties with units targeted specifically for use by extremely low-income people with disabilities. The assistance can be applied to new or existing multifamily housing developments through different sources, such as the Low-Income Housing Tax Credit, HOME or other state, federal or local programs.
“This funding will allow us to better support and reach individuals with disabilities that are in need of safe, accessible and affordable housing,” said Jacob Sipe, executive director of the IHCDA. “We are thankful for a wide variety of partners at the federal, state and local levels who will assist in connecting eligible individuals with available units.”
The IHCDA was one of 12 state housing finance agencies awarded funding through HUD’s Section 811 Supportive Housing for Persons with Disabilities program. Indiana was one of four states to be awarded the maximum amount of funding.
According to HUD, the $74 million in total awards will support up to five years of rental assistance for about 2,400 units of housing in buildings participating in project rental assistance.