Indiana Homeowner Assistance Fund Helping Hoosiers Keep Their Homes Amid Economic Uncertainty

This system affords financial help for delinquent and future property tax payments.

INDIANAPOLIS – The Indiana Home-owner Help Fund (IHAF) is a assist program for eligible Hoosiers who’ve skilled hardship from revenue loss.

Administered by the Indiana Housing and Group Improvement Authority (IHCDA), the IHAF has helped greater than 3,500 eligible candidates and disbursed greater than $40 million via this system thus far.

“Because the time for annual property assessments approaches, it will be important for Hoosiers to know that IHAF can probably pay for delinquent and future property cost charges, together with property taxes,” mentioned Indiana Lt. Governor Suzanne Crouch, Indiana’s Secretary of Agriculture and Rural Improvement. “Owners in Indiana who anticipate having difficulties paying their property taxes, or who have already got delinquent property taxes, ought to go to www.877gethope.org for extra data and to start out an utility.”

Candidates may join with a housing counselor who can present recommendation and data on their choices.

Owners could also be eligible for help in the event that they meet the next necessities:

• Impacted by the COVID-19 pandemic and skilled a monetary hardship on or after January 21, 2020;
• Personal just one mortgaged residence;
• Property to be assisted is the first residence;
• Have an revenue equal to or lower than 150% of the Space Median Earnings adjusted for family measurement, or 100% of the Nationwide Median Earnings, whichever is bigger; and,
• Stay in Indiana.

“Along with property tax help, candidates may be eligible to obtain mortgage reinstatement, as much as six months of month-to-month mortgage cost help, and help with different property cost charges together with home-owner insurance coverage and home-owner affiliation charges,” mentioned Jake Sipe, govt director of IHCDA.