$5 Million in Tax Credits For Intend Indiana to Boost Affordable Housing Initiatives

Intend Indiana Secures $5 Million for Affordable Housing Through New Market Tax Credits

Intend Indiana Aims to Make Homeownership Attainable for Low-Income Families

A local organization named Intend Indiana received funding to construct affordable housing. They received $5 million from the New Market Tax Credits, a unique program. This money was awarded to only four groups nationwide, therefore it is very significant.

Steven Meyer, the CEO of Intend Indiana, said the funds will be used to lower the cost of homes for low-income families. Ordinary folks find it difficult to purchase a home in locations like Indianapolis because the supply is limited and the prices are too high. Meyer states that their goal is to provide assistance to residents of underserved neighborhoods.

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$5 Million in Tax Credits For Intend Indiana to Boost Affordable Housing Initiatives. (PHOTO: Building Indiana)

Intend Indiana’s Housing Initiative Targets African American Homeownership to Boost Neighborhoods

Intend Indiana intends to construct 22 homes in specific communities. It is their goal to ensure that African American families purchase the majority of these properties. By doing this, they want to improve neighborhoods and provide more individuals the opportunity to become homeowners.

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