IHCDA Next Generation Hoosier Home Program

Indiana Housing & Community Development Authority

Available Down Payment

About This Program

Forgivable down payment assistance for first-time homebuyers purchasing in Lafayette and throughout Indiana. Loan is forgiven after 10 years of occupancy. Must be combined with IHCDA first mortgage and meet income limits. Helps bridge the gap to homeownership.

Forgivable loan for down payment and closing costs, forgiven after 10 years

Key Details

  • Forgivable down payment assistance
  • Up to $15,000 for first-time buyers
  • Loan forgiven after 10 years of occupancy
  • Must combine with IHCDA first mortgage
  • Income at or below 80% AMI

How to Apply

A grant-savvy contractor in Lafayette, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing while funds available

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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