Have you ever dreamed of owning your own home but didn’t think you would have the financial capacity to do so? Credit score too low? Debt too high? 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. WIDC will be holding a Home Buyer Fair this fall, bringing in the experts on affordable housing and homebuyer education. These partners can teach you how to be a good homeowner, what to expect and look for when buying a home and help you get financially ready for homeownership. Stay tuned for details with dates and times.
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 eligibility is determined by your lender.
In the fall of 2020, WIDC plans to build two 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 plan to price our homes to meet that criterium. These homes will have 3 bedrooms, 2 baths, and be a little over 1400 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, ceilings and floors.
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