The Indiana Housing and Community Development Authority says it will allocate more than $91 million to the city of Indianapolis rental assistance program. The IHCDA says the funding will allow the city to provide nine additional months of rental assistance through its IndyRent program, on top of the current three-month eligibility.
The funding comes from the U.S. Department of Treasury’s Emergency Rental Assistance program allocation, in which the state received approximately $371 million. The city says it has already obligated nearly 100% of the $28 million it previously received.
Aside from the Marion County funding, the IHCDA is administering the Indiana Emergency Rental Assistance program, which is designed to help renters statewide whose incomes were negatively impacted by the pandemic.
The IERA can provide eligible renters with up to 12 months of assistance. However, IHCDA says individuals in the counties of Elkhart, Hamilton, Lake, Marion, St. Joseph and the city of Fort Wayne are not eligible. Households in those communities must apply for assistance through their local municipality. Click here to learn more.