Anchor Housing Program
Midtown Anchor Housing Program
The Midtown Anchor Coalition (MAC), has teamed up with Indianapolis Neighborhood Housing Partnership (INHP) and the Indy Chamber to provide $600,000 in funding for down payment and home repair assistance to encourage MAC institution employees to live closer to work.
The Anchor Housing Program offers down payment assistance to employees of participating institutions interested in buying a home in specific areas of four historic Midtown neighborhoods that intersect at Maple Crossing (38th and Illinois streets). This includes portions of Crown Hill, Butler-Tarkington, Mapleton-Fall Creek and Meridian Kessler. The Program also offers financial assistance to employees who already live in the designated area, and who are interested in making exterior home repairs to the home they already own and occupy.
This Program is open to employees of Butler University, the Indianapolis Museum of Art at Newfields, The International School of Indiana, and Christian Theological Seminary. Whether employees are already homeowners or want to purchase today or in the future, INHP’s comprehensive lending, mortgage, and credit advising and home buying education services are designed to help clients become and remain long-term, successful homeowners.
In 2017 the Crown Hill Heritage Foundation provided additional program funding to the general public and existing area residents. All available resources were used to support home buyers and resident repairs. To learn more about the Crown Hill program, now closed, click here.
Learn more about how the MAC’s Midtown Anchor Housing Program supports neighborhoods and Institutions.
Matching Funds Available
Each participating institution is providing up to $12,000 in down payment assistance and up to $5,000 in home repair funding. INHP is offering to match that assistance for income qualified households. This means an employee could receive as much as $24,000 in down payment assistance or up to $10,000 in home repair funds.
For information on other home ownership resources available to the general public, visit www.inhp.org.
“The goal is to create home ownership opportunities to help stabilize neighborhoods and improve properties in the focus area…what we’e found is that employees who live closer to work are happier, spend less time commuting and have stronger ties to the community.” Michael McKillip, Midtown Indy