In 1987 Mayor appointed a Housing Strategy Task Force to study the city’s growing housing problems. The task force found that approximately 30,000 substandard housing units existed within Marion County and recommended that every Indianapolis resident have access to safe and decent housing by the year 2000. It also recommended the creation of the Indianapolis Neighborhood Housing Partnership.
Formed in 1988 to address Indianapolis’ need for safe, decent, and affordable housing, INHP offers low-and moderate-income people homebuyer education and affordable home purchase and home repair loans. The Certified Community Development Financial Institution (CDFI) also supports the preservation and creation of affordable housing options in Marion County.
In its early years, the nonprofit served low-and moderate-income people with homebuyer education, Down Payment Assistance, and home repair loans. Through partnerships with local banks, INHP established its first loan pool in 1989 to support single-family and multi-family housing.
In 1991, an operating grant from the gave INHP financial support to develop its homeownership counseling and education classes. With the implementation of the Indianapolis Neighborhood Development Initiative (INDI) grant program, INHP began to provide core operating support for multiple community development corporations and nonprofits.
Starting in 2009, INHP opened offices throughout the city to expand its services and increase options for partners. In 2013, the board of directors added the role of community catalyst to INHP’s mission, and the organization embraced its responsibility to develop and preserve affordable housing initiatives in Marion County neighborhoods.
INHP received a transformational grant from Lilly Endowment in 2015 to support the expansion of its long-standing homeownership programs, and the development of comprehensive community development strategies aimed at advancing Indianapolis neighborhoods’ quality of life. INHP launched a series of innovative programs, funding, and financing to fulfill the belief that every person in Indianapolis should have the opportunity to live in a safe, decent, and affordable home in a vibrant neighborhood.
In 2018, INHP celebrated its 30th anniversary and continued establishing itself as an affordable housing leader in Indianapolis. With the creation of Indianapolis’ first Equitable Transit-Oriented Development (ETOD) loan fund, INHP and its partners committed to preserving or spurring the development of 1,000 affordable housing units near high-frequency mass transit. From 2017 to 2019, the organization’s commercial lending arm financed nearly $3 million to support affordable housing preservation and development within neighborhoods. The nonprofit also regularly researches and identifies trends that help connect the importance of housing to overall economic mobility and well-being.
INHP continues to look for innovative ways to expand, preserve, or upgrade the supply of affordable housing in Marion County while helping low-to-moderate-income people achieve long-term, sustainable homeownership.
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