Housing


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 ktoran@mbcdc.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

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