Housing Partnership Receives Lilly Grant

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The Indianapolis Neighborhood Housing Partnership has been awarded a more than $6 million grant from Indianapolis-based Lilly Endowment Inc. The grant will help revitalize neighborhoods and support foreclosure prevention services.

January 22, 2015

News Release

INDIANAPOLIS, Ind. - The Indianapolis Neighborhood Housing Partnership (INHP) has received a $6.3 million grant from Lilly Endowment Inc. The funding enables INHP to continue to help residents of Indianapolis access sustainable housing opportunities and support neighborhood development and revitalization.

Since 1988, the Endowment has awarded more than $136 million to INHP so it can fulfill its mission to increase safe, affordable housing in Indianapolis and in doing so help strengthen local communities. More than 27,000 Indianapolis residents have taken part in INHP initiatives that include homebuyer education, financial advising, and affordable lending programs, according to Moira Carlstedt, president of INHP.

“The tangible impact of this generosity is revealed in countless lives, homes and neighborhoods across the city,” Carlstedt said. “With the Endowment’s dedication to our mission, and in conjunction with partners across the private, public and nonprofit sectors, we will continue to offer responsive and relevant programs that promote long-term, successful homeownership and effective neighborhood revitalization.”

The grant will support foreclosure prevention services through INHP’s local partners. It will help Indianapolis residents develop and implement plans to enhance their neighborhoods and provide capital to neighborhood-based community development corporations for housing activities. The grant also funds research that will inform policy development about housing issues across the city.

“INHP’s mission to support both neighborhood revitalization initiatives and individual homeownership endeavors is central to the continued development of this community, said Ace Yakey, vice president for community development at the Endowment. “Our commitment to INHP assures that hard-working families both today and tomorrow have access to education and lending programs empowering them to become long-term sustainable homeowners in healthy, vibrant and diverse neighborhoods.”

Additional funds to INHP come from other foundations, government, corporations and individual contributions in order to serve the homeownership needs of Marion County residents and neighborhoods.

About INHP

Established in 1988, the Indianapolis Neighborhood Housing Partnership (INHP) is the leading nonprofit homeownership resource in Marion County, Indiana dedicated to neighborhood revitalization and helping working families and individuals become and remain long-term, successful homeowners. INHP is a Community Development Financial Institution (CDFI) and partners with dozens of local, state and federal government agencies, community organizations, civic groups, banks and lending institutions and corporations to achieve its mission. The organization offers US Department of Housing and Urban Development (HUD) certified pre-purchase homeownership education and financial and mortgage advising as well as a variety of affordable mortgage, refinancing and home improvement loan options. As a trusted nonprofit, INHP has empowered thousands of homeowners to sustain their investment in their homes—ultimately helping to strengthen and encourage the growth of vibrant Indianapolis neighborhoods. For more information, visit www.inhp.org or call 317.610.HOME.

About Lilly Endowment Inc.

Lilly Endowment Inc. is an Indianapolis-based private philanthropic foundation created in 1937 by J.K. Lilly and his two sons, Eli and J.K. Jr., with gifts of stock in their pharmaceutical company. The Endowment is primarily committed to the causes of community development, education and religion and maintains a special commitment to its hometown, Indianapolis, and home state, Indiana.

Source: Indianapolis Neighborhood Housing Partnership