Homeownership Programs Available
Down Payment Assistance
CHC - Community Homebuyers Assistance provides a grant in the form of a forgivable second mortgage that allows those who qualify for up to 20% of the home value to be granted and forgiven over time.Â
IHCDA - Indiana Housing & Community Development Authority operates a number of programs to help people with a credit score of at least 640 who are struggling to build a down payment for their home.Â
​
HomeBoost Down Payment Assistance - Offers down payment assistance to first-generation, and minority homebuyers with household incomes below a certain threshold.Â
​
Neighborhood Initiatives
Near Northwest Neighborhood
Near Northwest Neighborhood (NNN) - The Near Northwest Neighborhood, Inc. (NNN) is a non-profit community development corporation, whose mission is to revitalize the neighborhood. Some of the NNN’s efforts include the acquisition and rehabilitation of beautiful area homes; available for purchase now!Â
​
Other Resources
Intend Indiana: Intend operates a number of initiatives in Indiana. Affordable Home Matters is a program that focuses on buyer assistance as well as development of affordable homes to own.Â
​
South Bend Heritage Foundation:Â Â Established in 1974, South Bend Heritage Foundation, Inc. (SBH) is a not-for-profit Community Development Corporation (CDC) that is committed to the stabilization and enhancement of neighborhoods.
​
CDFI Friendly South Bend - Alternative Equity: Helps address the appraisal gap that buyers can run into in St. Joseph County.Â
​
STREAMLINED CONSTRUCTION
Pre-Approved Building Plans
To support neighborhood infill and economic opportunities for locals, the City of South Bend is offering a set of pre-approved building types at no cost. This resource assists with small to middle scale housing development in South Bend neighborhoods.
​
​
Some financial institutions in Indiana offer special loans that operate as a construction loan until the home is built, then converts to a traditional mortgage while minimizing closing costs.Â
​
