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Residential Housing Infrastructure Assistance Program (RIF)

About RIF

House The Residential Housing Infrastructure Assistance Program (RIF) provides low interest loans to Indiana Communities to finance infrastructure projects that support residential housing development. As the loans are repaid, the money again becomes available for future financings so that the fund revolves. Our mission is to address the need for additional housing inventory for Indiana Communities based on local job growth. The uses of the fund are required to be in compliance with IC 5-1.2-15.5 (ACT).

RIF Process

FLow Chart

Application

Residential Housing Infrastructure Assistance Program Application

Applications for round two will be made available on 10/15/2024 and will be due by 12/13/2024. Please review the RIF guidelines, and Source of Security and Repayment Terms before applying.

Residential Infrastructure Fund Projects (State Funded)

RIF FUNDING AWARDS

2024 Round 1 Funding - January 1st - April 1st

Applicant

Site Name

County

Amount

Fort Wayne

Wells Street Wedge

Allen

$ 4,000,000

Goshen

Cherry Creek

Elkhart

$11,000,000

Ossian

Fawn Meadows

Wells

$ 2,500,000

Auburn

Westside Apartments

Dekalb

$5,500,000

Gas City

Farmington Trace

Grant

$ 2,500,000

Gas City

Gas City Apartments

Grant

$2,000,000

Jamestown

Darlington Villas

Boone

$ 1,100,000

Vincennes

Bierhaus Flats

Knox

$ 3,100,000

Churubusco

Turtle Meadows

Whitley

$ 1,100,000

Indianapolis

Augusta Heights

Marion

$ 5,000,000

Clarksville

The George

Clark

$ 8,000,000

Clarksville

Allen Place

Clark

$600,000

Michigan City

Lake Shore Village

LaPorte

$ 4,600,000

This list will be updated after every round of RIF Funding Awards, and the complete list can be found here.

Program Information

Frequently Asked Questions

Contact Us

Sherry Seiwert
Program Director
317-653-5194
SSeiwert1@ifa.IN.gov

Kary Long IV
Finance Manager
317-233-7307
karylong@ifa.in.gov

Program Mailing Address:
100 North Senate Avenue, Rm. 1275
Indianapolis, IN 46204
317-234-1338 (fax)
ifaresidential@ifa.in.gov