Home Repair Program
SAVE $1 AND GET $3 MATCHED TO HELP PURCHASE A HOME!
MBCDC partners with the City, Banks and local agencies to coordinate homeowner repairs for residents – including roof repairs, replacing flooring, installing new counters and making homes accessible and safe. Seniors, residents with disabilities, and military veterans are some of the community's top priorities for the owner occupied repair programs.
To Qualify You Must Meet the Following Requirements:
- Be at or below 80% Area Median Income.
- Have owned and occupied the home for at least six months prior to enrollment.
- Own a single-family home, condominium or modular unit (duplexes with certain restrictions).
- Be current and paid as agreed to any existing mortgage obligation.
APPLY FOR HOME REPAIR ASSISTANCE
To apply 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 email@example.com.
Additionally you may fill out the interest form below and a member of our staff will reach out to you to submit your application when funding becomes available.
Foreclosure Prevention and Financial Counseling
We work with homeowners to develop a personalized foreclosure prevention plan, and empower homeowners to make informed choices regarding their mortgage situation. MBCDC's state certified housing counselors serve over 100 clients each year from eight counties: Marion, Hendricks, Hamilton, Morgan, Hancock, Allen, Johnson, Boone, and Shelby.
If interested please contact Keysha Toran, Program Coordinator at (317) 924-8042 or firstname.lastname@example.org or visit our office.
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
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 email@example.com.