The Indianapolis Neighborhood Housing Partnership
The Indianapolis Neighborhood Housing Partnership (INHP) is a certified Community Development Financial Institution that provides a range of services including down payment assistance, home repair loans, and affordable housing options in Marion County.
Services
The Indianapolis Neighborhood Housing Partnership (INHP) provides a wide range of services to support homeownership and community development. They offer down payment assistance of up to $24,999 for eligible homebuyers, home repair loans for homeowners in Marion County, and a variety of mortgage products, including unique fixed-rate conventional mortgages without private mortgage insurance (PMI). INHP also provides educational classes and personalized homeownership advising services to empower residents with the knowledge and support needed for successful homeownership.
Community Development Financial Institution (CDFI)
INHP operates as a certified Community Development Financial Institution (CDFI), playing a crucial role in boosting economic development and expanding affordable housing opportunities in Indianapolis. As a CDFI, INHP focuses on assisting underserved communities by providing access to financial products and services that are not readily available from mainstream financial institutions. Their certification underscores their commitment to addressing the financial needs of low-income, low-wealth, and other disadvantaged people and communities.
Housing Development and Rehabilitation
INHP is active in developing and rehabilitating homes to ensure they are affordably priced for qualified buyers. This initiative helps to increase the availability of affordable housing in the community, making it possible for more families to achieve homeownership. By focusing on both new construction and the rehabilitation of existing properties, INHP contributes to the revitalization of neighborhoods and supports community stability.
Partnerships and Financial Impact
INHP partners with local banks and lenders to leverage significant financial resources, generating over $543 million in mortgages. These partnerships enhance their ability to provide comprehensive financial solutions to homebuyers. Additionally, INHP received a substantial $26.6 million grant from Lilly Endowment Inc., which supports their services and initiatives, allowing them to expand their impact and reach within the community.
Advocacy and Annual Events
INHP engages in advocacy and research to address community housing needs and influence housing policy. By staying involved in policy discussions and advocating for beneficial housing programs and policies, they work to create a more supportive environment for affordable housing. Additionally, INHP hosts annual events to celebrate partnerships and foster community support for housing initiatives, bringing together stakeholders to strengthen collaborations and highlight achievements in the housing sector.