$15,000 for Foreclosed Homes

Those individuals who buy a foreclosed home to use as a primary residence can qualilfy for a $15,000 loan (not to exceed 20% of purchase price) from The Indiana Housing and Community Development Authority (IHCDA) Market Stabilization Fund. These are available to assist home buyers w/the acquisition and/or rehabilitation of a foreclosed residential property located w/in an area of greatest need. To learn more about this program and others, visit the IHCDA website at www.in.gov/ihcda.