Copyright © 2015 SIDC Alll Rights Reserved

Last Updated April 2015

Southern Indiana Development Commission

Housing

CDBG

The purpose of the CDBG program is to provide habitable and affordable housing as well as economic opportunities for low and moderate income persons.  IHCDA is tasked with using its portion of CDBG funds to improve the quality of existing housing stock in Indiana.


 

Home

The HOME program provides funding to support the development of rental and home-buyer units (for both rehabilitation and new construction), as well as other housing activities.


Development Fund

The Development Fund provides a non-federal resource for not-for-profit organizations to not only seek financing for housing, as listed above, but also for a limited array of community and economic development activities.


Neighborhood Assistance Program

The Neighborhood Assistance Program (NAP) offers $2.5 million in tax credits annually for distribution by not-for-profit corporations.  Organizations use NAP tax credits as an incentive to help them leverage more contributions from individuals and businesses for certain neighborhood-based programs and projects.

Eligible projects include affordable housing, counseling, child-care, educational assistance, emergency assistance, job training, medical care, recreational facilities, downtown rehabilitation, and neighborhood commercial revitalization.  All projects must benefit economically disadvantaged areas and/or persons.




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SIDC is involved with a variety of housing programs and agencies.  SIDC has completed several homeowner occupied housing rehabilitation projects in the five county area.  We have completed housing needs assessments for all five counties.  We have also provided administrative services for housing feasibility studies and have completed 1 housing feasibility study for a specific project.