Find grants, rebates, forgivable loans, and free programs for Indianapolis, IN, filtered to your situation.
As of June 2026, 49 home improvement grant, rebate, and forgivable loan programs are open to homeowners in Indianapolis, IN, with individual awards up to $126,526. 11 programs target seniors, 6 serve veterans, and 22 require no income limit.
Data last verified 2026-04-01. How we verify our data.
| Funding type | Programs | Repaid? | Best for |
|---|---|---|---|
| Grants | 38 | Never repaid | Income-qualified homeowners |
| Forgivable loans | 2 | Forgiven after a residency period | Larger repairs with no money down |
| Rebates | 2 | Refunded to you after purchase | Energy-efficiency upgrades |
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Community Development Block Grant funded home repair for low-income Indianapolis homeowners. Covers roofing, plumbing, e...
INHP is Indianapolis's major NeighborWorks affiliate and CDFI. Affordable home repair loans for homeowners who can't qua...
5% of the home purchase price as down payment assistance for first-time homebuyers or purchasers in targeted census trac...
2.5% or 3.5% of home purchase price as down payment assistance. Available to both first-time and repeat buyers. 30-year ...
Federal tax credit equal to 25% of annual mortgage interest paid, reducing federal taxes owed (not just a deduction). Fi...
$7.9 million allocated for 2026. Deferred maintenance repairs and accessibility upgrades. Households must be at or below...
Emergency home repairs for low-income homeowners in Indianapolis, with priority for seniors and people with disabilities...
CenterPoint Energy (formerly VECTREN) provides rebates on high-efficiency natural gas furnaces, water heaters, smart the...
Free insulation, air sealing, furnace repair/replacement, and weatherization for households at or below 200% federal pov...
Addresses health and safety hazards in the home including lead, mold, carbon monoxide, allergens, pest infestations, and...
Federally funded utility bill assistance to free up household income for home repairs. Below 60% state median income. De...
100% free volunteer repairs including roofing, plumbing, electrical, accessibility, and exterior work. Priority for vete...
Competitive grants from FHLBank Indianapolis through member financial institutions for affordable housing purchase or re...
For veterans with permanent service-connected disabilities causing loss/loss-of-use of limbs, blindness (20/200 or less)...
For veterans with loss or loss-of-use of both hands, severe burns, or respiratory/breathing injuries. Smaller grant than...
Most accessible VA housing grant, any service-connected disability qualifies. Covers medically necessary home modificati...
Indiana veterans with at least 10% service-connected disability receive a deduction on assessed property value, up to $2...
Indiana's dedicated homebuyer program for active duty, veterans, and retired military. Combines below-market mortgage ra...
Every Indiana homeowner should file this. Reduces your taxable assessed value by $48,000 (standard) plus a supplemental ...
Homeowners age 65+ with combined adjusted gross income under $30,000 and assessed value under $240,000 receive up to $14...
Limits property tax to 2% of assessed value for qualifying seniors. Additional circuit breaker protection on top of the ...
Indiana's CHOICES Medicaid waiver and Area Agency on Aging programs fund home modifications for seniors to remain indepe...
Finance purchase + renovation in one loan. Limited 203(k) covers up to $75,000 in non-structural repairs. Standard 203(k...
Up to $25,000 for home improvements. Unsecured up to $7,500 (signature only, no equity required). No equity requirement ...
30% federal tax credit on solar panels, battery storage (3+ kWh), geothermal heat pumps, wind turbines, and fuel cells. ...
30% federal tax credit on energy-efficient improvements: $1,200/year for insulation, windows ($600), doors ($500), HVAC,...
Inflation Reduction Act High-Efficiency Electric Home Rebate Act (HEEHRA). Point-of-sale rebates up to $14,000 for heat ...
Indiana's CHOICES Medicaid waiver funds home modifications for seniors and people with disabilities to avoid nursing hom...
Homeowners who are blind or have a disability with combined income under $17,000 receive up to $12,480 reduction in asse...
United Way of Central Indiana runs multiple VITA sites across Indianapolis. Free IRS-certified tax prep for households u...
Federal LIHEAP funds flow through Indiana EAP to pay heating and cooling bills for low-income households. Frees up house...
HUD-certified housing counseling from Indianapolis's major NeighborWorks affiliate. Pre-purchase counseling required by ...
HUD-funded lead hazard reduction for pre-1978 homes with children under 6 or pregnant women. Covers testing, abatement, ...
Free insulation, air sealing, and heating improvements for rental units in Marion County. Landlord must give permission ...
HUD-certified homebuyer education required by most DPA programs including IHCDA First Step, Next Home, and many lenders....
20% state tax credit on qualified rehabilitation costs for Indiana historic properties. Many Indianapolis neighborhoods ...
HMGP provides funding after a presidentially declared disaster to help communities reduce future disaster losses. Homeow...
ICC coverage is built into every National Flood Insurance Program (NFIP) policy and pays up to $30,000 to help bring a s...
WAP provides free energy efficiency improvements to low-income households across all 50 states, DC, and territories. Eli...
HUD funds state, county, and city governments to identify and fix lead-based paint hazards and other health hazards (mol...
EPA's WIIN Act grants and the Drinking Water State Revolving Fund (DWSRF) fund lead service line replacement programs in...
USDA's Section 504 program provides grants up to $10,000 for homeowners age 62+ with very low incomes in rural areas to ...
The American Red Cross installs free smoke alarms and creates home fire escape plans through their nationwide Home Fire ...
EPA provides State and Tribal Indoor Radon Grants (SIRG) to every state to fund radon risk reduction programs. While the...
NeighborWorks America supports a network of nearly 250 local nonprofit housing organizations across every state, DC, and...
Owners of historic homes may access funding through their State Historic Preservation Office (SHPO), which distributes H...
The Section 184 Indian Home Loan Guarantee Program provides HUD-guaranteed mortgage financing for American Indian and Al...
The Housing Choice Voucher (Section 8) program provides rental assistance to eligible low-income families, seniors, and ...
EmployIndy serves Indianapolis/Marion County as the local workforce development board, operating Indy's Employment Hub a...
Indiana's Child Care Voucher Program provides subsidies to help low-income families pay for child care while parents wor...
Head Start and Early Head Start programs in Indianapolis and Marion County provide free comprehensive early childhood se...
The SBA Indiana District Office in Indianapolis serves small businesses throughout Indiana. Programs include SBA Microlo...
The Indianapolis Department of Metropolitan Development operates revolving loan funds to support small businesses. These...
Many of these programs can be combined. For example, you can use a city repair grant for the work, a utility rebate for the energy savings, and a federal tax credit on top, all for the same project.
Pick a project to see how much funding could stack on it from multiple programs in this city.
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49 programs are currently listed for Indianapolis, including City of Indianapolis CDBG Home Repair, INHP Home Repair Loan, IHCDA First Step Down Payment Assistance.
Grants do not have to be repaid. Forgivable loans are forgiven over a residency period, and rebates refund your money after the purchase. In Indianapolis, 38 programs do not require repayment, 2 are forgivable loans, and 2 are rebates.
Every program listing carries the official application link and phone number for the administering agency. Homeowners apply directly with that agency; there is no middleman and no fee.