Energy Savings Initiative:
SIHCDC received a Duke Foundation grant for $1,200 to the continuation of our Energy Star light-bulb distribution to homes that are rehabilitated through IHCDA grant funds.
Housing Opportunity Grant (MainSource Grant):
We are pleased to announce that MainSource Bank has awarded SIHCDC a $5,000 grant for a revolving loan fund to assist income eligible individuals at today‘s SIHCDC quarterly Board of Director’s meeting .
With the help of this grant from MainSource, SIHCDC will establish a revolving loan fund to assist income eligible individuals (80% AMI or less) with various financial needs. From that pool SIHCDC will loan (50% of request) and grant (50% of request) for the following activities (not all inclusive):
- 25% match (with pre-determined cap) with opening of IDA – to be used for down payment on home purchase
- Payment of delinquent property taxes in order to become eligible for grant funding
- Payment of homeowner’s insurance in order to become eligible for grant funding
- Utility hook-ups or payments during the home purchase/move-in time period
- Termite inspections (prior to award of grant funding)
- Home maintenance training for beneficiaries of home rehabilitation or home purchase
- Referrals by Columbus Housing Authority of families who need deposit funding in order to secure affordable housing
- Deferred payments from the recipients (case-by-case basis).
Applications are available at SIHCDC/ARa Office at 748 Franklin Street, Columbus, IN 47201.
Eric Frey, SIHCDC Executive Directed stated “we very excited with the receipt of this grant and the opportunity to partner with MainSource in this endeavor. We feel strongly that this program will allow individuals the opportunity to have access to affordable and safe housing that might not be otherwise available without this assistance.
SIHCDC Board member and Columbus Housing Authority Director, Debra Holt state: “I am very excited about this program and believe it will make a big impact in our community the housing opportunities for low-to moderate income families.”