Habitat for Humanity of Greater Indianapolis

New Markets Tax Credit Coalition

Indianapolis,
IN
(2021)

Habitat for Humanity of Greater Indianapolis

Affordable Housing, Habitat for Humanity

Investment

NMTC Amount: $1,194,559
Total Project Cost: $2,097,000

IMPACT

18 construction jobs
Development of 15 new affordable homes.

CDEs

Habitat for Humanity

Investor

US Bank

Voices from the Community

The cost of providing affordable homeownership is increasing as is the gap between what individuals and families can afford and what is available. The more financial tools we have to help provide the stability of ownership, the better. NMTC are a valuable tool to help provide the funding structure needed for making an impact. They are strong leverage tools with other forms of financing as well.

-Jim Morris, Greater Indy Habitat for Humanity, Indianapolis, IN

Project Description

GREATER INDY HABITAT is using an $1.17M loan to develop 15 new homes in the Red Maple Grove neighborhood.

MAP

Address: 2922 Wade Street, Indianapolis, IN 46203

Census Tract: 18097357602

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