IHCDA CHDO (Community Housing Development Organization) Programs

### Program Overview

### IHCDA CHDO Program

Community Housing Development Organizations (CHDOs) partner with IHCDA to create affordable housing using HOME funds. These nonprofits build, acquire, or rehabilitate homes for low-income families.

**Features:**
- CHDOs must be certified
- Must use funds for HOME-eligible activities
- Can offer direct homebuyer assistance

**Key Features:**
- Affordable rates
- Support for homeownership
- Available statewide

**Who Should Use This Program?**
- First-time homebuyers looking for affordability
- Low- to moderate-income families
- Residents seeking long-term housing stability

**What You Need to Know**
- Program eligibility varies by income and location
- You may be required to complete a homebuyer course
- Assistance may be structured as a grant or loan

**Next Steps**
1. Review eligibility requirements and program benefits
2. Contact a participating lender or city agency
3. Gather financial documents and prepare to apply
4. Complete homebuyer counseling if needed
5. Finalize your loan and receive program benefits

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### 🔍 Key Features
- Tailored to Indiana homebuyers
- Access to financial assistance
- Available through approved lenders statewide

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### 👤 Who Is This Program For?
This program is ideal for:
- First-time or repeat homebuyers in Indiana
- Households with limited income or savings
- Buyers seeking predictable monthly mortgage payments
- Individuals needing help with upfront costs like down payments or closing fees

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### 📌 What Sets It Apart?
- Competitive interest rates and loan terms
- Potential combination with federal or local incentives
- Emphasis on sustainable homeownership and financial stability
- Support from certified housing counselors

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### 📝 How to Get Started
1. Visit the [official program website](#) or contact an approved IHCDA lender.
2. Gather documentation (proof of income, credit report, home purchase agreement, etc.).
3. Complete a required homebuyer education course if applicable.
4. Submit your application and await approval.
5. Close on your new home and enjoy the benefits of homeownership.

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- Must be a certified CHDO working in Indiana
- Projects must benefit low-income families
- Must comply with HOME and IHCDA rules

- Access to federal funding
- Expands affordable housing supply
- Encourages local nonprofit development

1. Become a certified CHDO with IHCDA
2. Propose a project and submit documentation
3. If approved, execute funding agreement
4. Comply with reporting and outcome guidelines