State Awards $110 Million to Create and Preserve Affordable Housing

INDIANAPOLIS — Four developments have received awards from the Low-Income Housing Tax Credit (LIHTC) program, in conjunction with the Multifamily Tax Exempt Bonds. This funding is used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.More than $72 million in Housing Tax Credits and $110 million in Multifamily Bonds were awarded to four developments to create and preserve 969 affordable units that