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Ihcda individual development credit online 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin with the 'Agency Overview' section. Provide a summary of your organization’s qualifications, including relevant certifications and experience with low-income programs.
  3. Move to the 'Program/Project Description' section. Outline your IDA project, detailing client demographics, recruitment strategies, and program objectives.
  4. In the 'Budget/Budget Narrative' section, specify the amount of tax credits requested and provide a detailed budget for the project duration.
  5. Complete the 'Reporting/Evaluation' section by describing how you will measure project success and any assessment tools you plan to use.
  6. Review all sections for completeness and accuracy before submitting your application electronically via email as instructed.

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The Attainable Homeownership Tax Credit (IC 6-3.1-40.9) is available for individuals or businesses who make a contribution to an affordable housing organization approved by the Indiana Economic Development Corporation. There is $4,000,000 available each fiscal year through Dec. 31, 2029.
The Interim Disability Assistance (IDA) Program provides temporary financial assistance to those who are unable to work due to a disability and have a high probability of receiving federal Supplemental Security Income (SSI). IDA payments are issued until SSI eligibility is approved or denied.
The IDA program is a one-to-one (1:1) matched savings program, with up to $4,000 in matched savings, to help pay for a vehicle, home, small business costs, or post-secondary (after high school) education.
An individual development account (IDA) is a type of savings account designed to help low-income individuals build assets, achieve financial stability, and gain long-term self-sufficiency. People use IDAs to save money to start a business, pay for education, or buy a home.
One of the key differences between these two accounts is the level of control and involvement required. IDAs are managed within a predefined set of options, offering a guided approach that reduces the need for extensive research or due diligence.

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You contribute money from your earnings from work. With an IDA, your contributions are matched with money from your States TANF (Temporary Assistance for Needy Families) program or from special funds called demonstration project money. The matching money may help you docHub your goal sooner.

ihcda compliance forms

IHCDA: Individual Development Accounts (IDA)

The Individual Development Account (IDA) Program is an asset development program that assists low-moderate income individuals and families

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State and National Links: Resources

(IHCDA): The IHCDA oversees Section 8 housing for low-income residents of Indiana, Individual Development Accounts (matched savings accounts), and more.Read more

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