Affordable Housing Programs
Fannie Mae Pre-purchase Counseling Program — pre-purchase
counseling with emphasis on money management and positive cash
flow for mortgage loans requiring only 3% down payment under the
Fannie Mae 97% Program. There are also other Fannie Mae loan products.
Housing Partnerships Inc. — Located in Columbus, Indiana
has 3 programs for homeownership that require various levels of
counseling.
Home Ownership and Development — works with individuals
who would not qualify for standard mortgages; workshops are conducted
4 times per year for participants and individual counseling provided
as needed.
Habitat for Humanity — providing budget counseling
for families selected for the program in several counties including
Delaware, Henry, Marion, Boone & Vigo.
Family Self-Sufficiency Program — providing counseling
for families participating in this Section 8 program. The goal
of the program is to help the families become self-sufficient with
homeownership being one of the end results; participating in several
counties including Marion, Henry & Vigo counties.
Hernly Project — project through ICAP (Interlocal
Community Action Program) in New Castle to assist low income families
obtain homeownership; counseling is provided to assess each family's
status and help them learn to manage their money.
Housing Solutions — workshops are conducted on money
management and credit use.
IDA — Individual Development Accounts for low income
families. It is a special savings program with state matching funds
that can be used for education, buying a home or starting a business.
The program requires money management training. Several CDC (Community
Development Corporations) and CAP (Community Action Program) organizations
throughout Indiana participate in the program.
SIRPC — Southeastern Indiana Regional Planning Commission
offers first time homebuyers programs in Dearborn and Ripley counties.
Credit counseling is provided for participants.
USDA/Rural Economic Development — pre-purchase counseling
is conducted for the 503k loans in several counties including Madison,
Randolph & Delaware.
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