Sign in Subscribe
Housing

Indiana Lawmakers Urge Communities to Apply for Housing Infrastructure Program Funding

Strategic Insights

— 1 min read

Area lawmakers in Indiana, including State Rep. Dale DeVon, State Rep. Jake Teshka, and State Rep. Tim Wesco, are encouraging local communities to apply for the next round of funding from the Residential Housing Infrastructure Assistance Program. The program aims to support residential housing development by helping communities finance infrastructure projects, such as electric or gas distribution lines. Applications for the next round of funding are due by October 6.

Key Takeaways:

  • The Residential Housing Infrastructure Assistance Program provides funding to support residential housing development by helping communities finance infrastructure projects.
  • State Rep. Dale DeVon supported House Enrolled Act 1005, which boosted support for the program and aims to help growing Indiana communities meet the high demand for housing.
  • The program has seen success, with over $82 million in funding during the first two rounds helping Hoosier communities add over 3,000 housing units.
  • State Rep. Tim Wesco said that the program's revolving loan fund will help communities cover the cost of local infrastructure projects, making it easier for developers to build needed housing.
  • House Enrolled Act 1005 also cut red tape and streamlined the regulatory process to remove timely and costly barriers to housing development.
  • Participants in the Residential Housing Infrastructure Assistance Program will receive priority if they support and prioritize affordable, pro-housing policies.
  • St. Joseph County previously received over $2.5 million for the Dewry's Revitalization Project from the program.

Statistics:

  • $82 million in funding was provided during the first two rounds of the program.
  • Over 3,000 housing units were added by Hoosier communities with the help of the program.
  • $50 million was appropriated to the Residential Housing Infrastructure Loan Program over the next two years.
  • The program has helped to reduce costs for Hoosiers, making it easier for them to build homes.
  • Over $2.5 million was received by St. Joseph County for the Dewry's Revitalization Project from the program.

Sources:

  • [Indiana House Republican Caucus news release]

Read more