Housing


HOMEOWNER REPAIR


MBCDC partners with the City of Indianapolis, local financial institutions and community organizations to coordinate homeowner repairs for all residents - including roof repairs, replacing flooring, installing new counters and making homes accessible and safe. This is a first-come, first-serve program based on household income. Please feel free to contact us for further program requirements and details.

  • We have reached our capacity for FHLBI applications. Please see list below for other participating FHLBI Member institutions.
  • Processing of applications expected to start May of 2021
  • First-Come First-Serve Basis

To connect with us regarding Homeowner Repairs, please contact:

(317) 924-8042 x402 | ktoran@mbcdc.org

 

FHLBI 2021 Funds Exhausted - FHLBI 2022 to be announced.........

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FHLBI Program FAQ Sheet

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Martindale Brightwood LIFT Indy Award Homeowner Occupied Repair



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  • Brightwood Education Zone Housing Village Initiative will be led by the Edna Martin Christian Center and will provide wraparound services and programming, such as employment and career coaching, financial coaching, credit and asset-building programs, and adult education programs.
  • Martindale Brightwood Community Development Corporation will lead a Homeowner Repair Program to provide residents resources for roofing and gutter repairs; sidewalk, porch, and patio repair; accessibility; siding repair and replacement; window repair and replacement; insulation; HVAC replacement and repairs. *
  • Renew Indianapolis will preserve affordable housing for current homeowners through the Edge Fund - Mortgage Refinance Loan Program that will enable long-term residents to continue to enjoy their neighborhood.
  • Renew Indianapolis will lead the Edge Fund-Affordable Mortgage Loan Program, will help make homeownership more attainable through below-market rate mortgage loans for up to 10 low-to moderate income homebuyers in the neighborhood.
  • Renew Indianapolis will lead, and MBCDC will assist with a New Construction Homeownership Program that will create homeownership opportunities for at least 10 low-income households.

For information or to schedule an appointment, contact: 

Amina B. Pierson

Executive Director

APierson@mbcdc.org

(p) 317.924.8042  Ext. 1 



INDIVIDUAL DEVELOPMENT ACCOUNT

SAVE $1 AND GET $3 MATCHED TO HELP BUY A HOME!


An IDA or Individual Development Account program assists low-moderate income Hoosiers attain their goals through matched-savings incentives and financial education. Operating behind the rationale that income alone is not enough for individuals to break trends of generational poverty, the IDA program focuses on asset building as a key component towards family and self-sufficiency. Participants in the IDA program are eligible to receive up to $4,500 in state match funds towards one of the eligible asset goals mentioned above. Participants also receive one-on-one counseling and 6+ hours of financial education covering topics such as budgeting, savings, credit, banking, taxes, and other money management strategies.


WHAT CAN I DO WITH AN IDA?

Qualified participants set savings goals and make regular savings deposits. Every dollar they save is matched, at a minimum for $3 for every $1 saved, to help them reach their goals so they can:

  • Purchase a primary residence located in Indiana
  • Expand a small business located in Indiana
  • Obtain education job training
  • Make essential repairs to owner-occupied housing
  • Purchase a vehicle for employment, education, or job training purposes

DOWNLOAD INFORMATIONAL FLYER

APPLY TO START AN IDA

Download and print the application below and return with required documents to our office at 2855 North Keystone Avenue, Suite 130, Indianapolis, IN 46218. You may also come to our office for the application and assistance filling it out. If you have any questions please contact Keysha Toran, Program Coordinator at (317) 924-8042 or ktoran@mbcdc.org.  


DOWNLOAD IDA APPLICATION

PLANS FOR NEW AFFORDABLE HOUSING