Have you ever dreamed of owning your own home but didn’t think you could afford to? Credit score too low? Debt too high? Even with current interest rates, homeownership can be more affordable than renting.  Let us and our partners show you how in as little as 18 months you could be on your way to owning your own home.   .

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In 2024, WIDC plans to build four new homes in West Indy and offer them for sale to low-to-moderate income buyers. This is determined by federal guidelines and will be explained in detail in the listing.  Basically, homebuyers must be income eligible and the mortgage cannot exceed 30% of your gross annual income. We will price our homes to meet that criteria. These homes will have 3 bedrooms, 2 baths, and be between 1200 and 1600 sq ft. They will have zero-step entrances and 36” wide doors to accommodate visitors and residents who may have mobility concerns. Our homes are energy efficient and will come with energy star appliances and industry standard insulation in the walls, ceiling, and floors.  .​

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WIDC works with the Indianapolis Neighborhood Partnership (INHP) to provide homebuyer education. If you purchase a home from WIDC and are a qualified first-time homebuyer, you will need to have completed a homebuyer education course through either your lender or INHP. WIDC will reimburse you for the cost of your course up to $75 at closing. First time homebuyer status is determined by your lender.

 

For more information contact: Lisa Laflin West Indianapolis Development Corp. 1211 S. Hiatt Street Indianapolis, Indiana 46221 Telephone: 317-638-9432 x 1# Fax: 317-638-9514

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