INDIANAPOLIS – The Indiana Housing and Community Development Authority (IHCDA) and Corporation for Supportive Housing (CSH) announced the six teams that will be participating in the 2019 Indiana Supportive Housing Institute. These teams will each establish a plan to create a supportive housing development serving either homeless veterans or individuals experiencing chronic homelessness.
Among the organizations participating in this year’s Institute are local leaders the Englewood CDC for helping homeless veterans, Mercy Housing for assisting the chronically homeless, and Woda-Cooper for programs for homeless veterans.
Over the next few months, these teams will work closely with IHCDA and CSH through a series of targeted training and group exercises. They will also be provided technical assistance and presented with pre-development financing opportunities. The Institute will culminate with the Finale this summer where teams will present their plans to a group of public and private investors.
Depending on the project type, funding for these developments will be provided through a combination of Rental Housing Tax Credits (RHTC), Home Investment Partnerships Program (HOME) funds as well as the Housing Trust Fund (HTF).
Since the Institute began, nine classes of teams have graduated. This has helped to contribute to a significant reduction (38%) in chronic homelessness in Indiana.