Bill > SB0397

This bill establishes a home repair matching grant pilot program specifically for Marion County, designed to help elderly homeowners improve their primary residences. The program will provide dollar-for-dollar matching grants to individuals who are at least 65 years old, own their home in Marion County, and have already received funds from a nonprofit corporation for home repairs. The Indiana Housing and Community Development Authority (IHCDA) will administer the program, which allows eligible applicants to receive up to $15,000 in matching funds to repair their residential property. The pilot program will be funded by a $1,000,000 appropriation from the state general fund and will run from July 1, 2025, to July 1, 2027. The bill includes provisions for how the fund will be managed, such as allowing unspent funds to roll over each fiscal year and permitting investment of the fund's money. Additionally, the program has flexible ownership requirements, meaning that an applicant who jointly owns a home with someone under 65 is not automatically disqualified from receiving a grant. The IHCDA will be responsible for creating guidelines, issuing public information, and regulating the application process for these matching grants.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/senate/397/details