INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP INC

All INHP’s programs are guided by the 2024-2026 Strategic Plan which commits the organization to pursue two aspirational goals, which were developed through a data-driven, research-based approach grounded in local economic, demographic and social trends. Through its efforts and activities, in a manner aligned with its mission and vision, INHP is committed to working towards the following aspirational goals:

1. From January 1, 2024, to December 31, 2026, INHP will support 975 purchase mortgage originations (owner-occupied residences) supporting an estimated $100 million in home purchases and empower more than 5,000 families to achieve better housing outcomes through purchase transactions, home repairs, education, advising, and other responsive consumer solutions.

2. From January 1, 2024 to December 31, 2026, INHP will expand, preserve, or upgrade the supply of affordable housing units in Marion County by 3,300 units, supporting an estimated $250 to $300 million in total investment.

INHP’s products and services are grounded in a comprehensive homeownership preparation and mortgage origination program designed to empower low- and moderate-income individuals and families to qualify for and obtain an appropriate affordable mortgage, purchase a home, and remain in the home for the long-term. Clients who complete INHP programs are fully prepared for long-term homeownership and become the seeds for stronger neighborhoods. In addition, INHP serves as a catalyst for neighborhood development and revitalization through the acquisition and rehabilitation of abandoned housing, and the development or preservation of affordable multifamily housing. Through these initiatives, INHP is responding to housing supply and demand in our city.

INHP Programs include:

Education -INHP offers a variety of curriculum designed to help families prepare for and successfully maintain homeownership. Classes include Successful Renting, Dollars & Sense, Understanding Credit, and Homebuyer Education.

Advising - INHP offers one-on-one homeownership advising for up to 24 months to help clients assess their potential to become and remain homeowners and qualify for affordable, sustainable mortgage financing.

Consumer Mortgage Lending - INHP enables families to access a home-purchase mortgage through a referral to a local lending institution or through the INHP direct lending program. INHP also provides access to affordable home repair loans to low-income families to ensure their ability to maintain housed.

Post-Purchase Mortgage Counseling - While INHP families are three to four times less likely to default on their mortgages, INHP offers support to borrowers facing mortgage delinquency to help them remain in their home.

Single Family Development- INHP is building affordable single-family homes throughout Marion County to help address the lack of supply in our market.

Land Banking- INHP, in collaboration with Cinnaire, launched the first Equitable Transit-Oriented Development (ETOD) loan fund to preserve affordable housing or spur development near Indianapolis transit lines.

Community Lending – INHP provides financing to non-profit borrowers, which enables them to acquire, aggregate, and hold sites to allow time for optimal strategic development; supports initiatives aimed at constructing or reconstructing safe, decent, and affordable housing; and offers lines of credit to incentivize revitalization efforts that turn depressed, vacant, and abandoned properties into community assets.

INHP holds an Indiana Mortgage Lending License (#11012) through the Indiana Department of Financial Institutions and is registered under the National Mortgage Licensing System (#84556). INHP is also a member of the Indiana Mortgage Bankers Association and the Federal Home Loan Bank of Indianapolis and serves on the City of Indianapolis Housing Trust Fund Advisory Board. On a national level, INHP is a member of the Housing Partnership Network, a collaborative of 100 of the nation’s leading affordable housing and community development nonprofit, and Opportunity Finance Network, a national association of Community Development Financial Institutions (CDFIs).

INHP is a 501(c)(3) nonprofit housing organization and a certified, Aeris-rated Community Development Financial Institution. INHP is the only nonprofit organization in Indianapolis providing a full range of home buyer education classes, homeownership advising programs, affordable mortgage products, and post-purchase counseling. INHP is listed as an approved housing counseling agency on the U.S. Department of Housing and Urban Development website, helping clients feel confident in INHP’s recommended advising and education programs. The organization is the leading homeownership resource in Marion County dedicated to serving homeowners and homebuyers with low- and-moderate-incomes.

INHP is committed to helping families with low- and-moderate-incomes have safe, decent, and affordable housing. To achieve this, the Board of Directors and staff recognize that INHP income sources must be diversified. INHP has a full-time Advancement Department focused on building relationships with past, current, and potential new funders interested in investing in families, neighborhood vibrancy, community vitality, and future generations.

With respect to philanthropic support, INHP has seen tremendous growth in contributions from foundations, corporations and individuals. This growth is due to donor centered philanthropic culture that incorporates cultivation, solicitation, recognition, and stewardship strategies outlined in an annual fundraising plan and rooted in building and maintaining relationships with donors. INHP is making strides in diversifying its contributor base through direct mail, special events, grassroots fundraising, prospect analysis, and grant proposal writing.

INHP’s strong governance also contributes to the sustainability of its programs. Its leadership plays an integral role in affordable housing in Indianapolis. Its dedicated finance department works to ensure INHP’s financial strength and uses several tools to monitor and maintain fiscal health. INHP sets budget goals, which are driven by annual program and lending goals. The program and lending goals are tracked monthly.

INHP provides comprehensive, practical, goal-driven direction to consumers to repair credit, learn what to expect during the home buying process, select a suitable loan program, and ultimately close on a mortgage to purchase a home. Families work with an INHP Homeownership Coach for an average of eight months to learn budgeting and credit management skills and develop savings habits as well as the discipline to consistently apply them. This is a major effort to break the cycle of poverty.

In 2023, over 1,300 individuals participated in INHP’s Homeownership Preparation Program resulting in a 31-point average credit score increase for a consumer, and an average of $1,500 saved per household. The organization provided families with low- and moderate-income access to loan programs to purchase or repair a home. This included 93 INHP loans and and 62 lender partner loans resulting in over $16.4 million in mortgage financing.

Additionally, in 2023, INHP impacted 1,133 affordable housing units.