Affordable Housing Impact in Indianapolis
GrantID: 73387
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: $75,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Climate Change grants, Community/Economic Development grants, Education grants, Non-Profit Support Services grants.
Grant Overview
Indiana's target outcomes center on reducing housing-cost burden for Indianapolis households earning below 60 percent of area median income. HUD 2023 point-in-time data record 9,400 individuals in Marion County experiencing housing instability, with average rent-to-income ratios of 47 percent. These figures exceed state averages by 11 percentage points and correlate with elevated emergency-shelter utilization.
Outcome-first framing requires measurable reductions in cost-burden rates and shelter entries within 24 months. Organizations must define baseline data using Indianapolis Metropolitan Planning Organization housing dashboards and commit to annual reporting against those same indicators. The 65-percent economically-underserved threshold is verified through participant income documentation collected at lease-up.
Why these outcomes matter in Indiana stems from the state's manufacturing and logistics employment base, which concentrates low-wage jobs in Marion and surrounding counties. Indiana Economic Development Corporation data show that 22 percent of entry-level warehouse positions pay wages insufficient to cover one-bedroom rents at fair-market levels. Stable housing therefore functions as a prerequisite for workforce retention rather than a downstream benefit.
Implementation requires coordination with Indianapolis Land Bank parcels and local housing trust-fund allocations. Proposals must include executed memoranda of understanding specifying unit count, bedroom mix, and supportive-service hours per resident. Budgets cap developer fees at 8 percent and require 15-year affordability covenants recorded with the county recorder.
Readiness verification includes proof that the applicant or development partner has closed at least two comparable affordable projects in Marion County within the prior five years. Organizations lacking this track record must demonstrate equivalent experience through key personnel resumes and third-party property-management contracts.
Eligible Regions
Interests
Eligible Requirements
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