Stock Yards Bank of Indiana Loan/Grant – Home Repair Program

Stock Yards Bank of Indiana Loan/Grant – Home Repair Program is sponsored by Stock Yards Bank of Indiana (administered through Martindale Brightwood Community Development Corporation). This program offers funding for home repairs to income-eligible homeowners. Loans are forgiven after a three-year period.

The program focuses on essential repairs to preserve housing stock and allow residents to age safely in place.

Homeowner Repair | Martindale Brightwood CDC Martindale Brightwood Community Development Corporation (MBCDC) is looking to preserve our housing stock and allow our residents to age safely in place. Our home repair programs are income-based and focused on essential repairs. All qualifying households must be 80% or below the area median income (AMI) and homes must be owner-occupied.

Due to the high demand, some programs have a waitlist. We have allocated all of our home repair funds, and the wait list is currently closed. Here are some other options for home repair assistance: City of Indian apolis Owner Occupied Repair Program https://www.

indy. gov/activity/home-repair-program Community Action of Greater Indianapolis Home Repair Program 3266 N. Meridian St.

Suite 1200 317-396-1800 [The CAGI survey is attached, we can print for in-person inquiries.] Citizens Energy Group – Energy Assistance Programs (EAP) Terri Williams, Contact Center Supervisor twilliams@citizensenergygroup. com Revive (formally known as Neighborhood Impact Program NIP) The homeowner must occupy the property as their primary residence.

100% of the grant goes to pay for materials and labor of FHLBI approved repairs. This is a first come first serve program that starts in Spring each year. Funding: Up to $15,000 (subject to change) Eligibility: Homeowners who have lived in their home for at least 6 months Reapplication: Not eligible if you’ve received repairs in the last 5 years.

Stock Yards Bank of Indiana Loan/Grant – Home Repair Program Funding: Up to $6,000 for home repairs Eligibility: Income must be certified and deemed eligible under HUD income AMI limits 80% or below or borrower must reside in LMI census tract. Residency Requirement: Must be the owner occupants. Must reside in 46218, 46202, 46205, 46226, or 46235.

Repayment: Loans will be forgiven after a three-year period. Martindale Brightwood Interest Form " * " indicates required fields Preferred Method of Contact * List other preferred method of contact State / Province / Region American Indian/Alaskan Native Hawaiian/Pacific Islander Estimated Annual Household Income MBCDC Program Interest * Please check all that apply.

Employment Services (25-35 years old) Individual Development Account (Savings Program) YES - Youth Employment Services (16-24) List Other Program Interest Below * Keysha Toran, Program Coordinator Phone: (317) 924-8042 EXT 402 “The repairs were beyond my expectations” – Linda McFarland Housing and health builds the roadmap to the future.

There is a particularly severe problem with availability and preservation of housing that is affordable to those with low incomes, including the more than 4. 8 million adults with disabilities living only on Supplemental Security Income (SSI). Neighborhoods need accessible, safe, and affordable housing – as the condition of housing is a major social determinate of health across the nation.

MBCDC has helped many homeowners repair and make their homes more energy efficient. This contributes to revitalizing our neighborhood and increasing the value of these homes, thereby increasing household wealth. This wealth effect allows more individuals to use the equity built in their homes to purchase other assets to create further wealth.

Mrs. Linda McFarland is ecstatic with the home improvements that were done to her home this year. Fifty-three years in her home, she needed a new water heater, furnace replacement, and modifications done to her bathroom: ADA-approved toilet, faucet, new grab bars, and shower head for her shower, and her floor repaired.

These repairs were funded through the Federal Home-Lone Bank of Indianapolis(FBLBI) Home Improvement Grant Program and a bank member, Lake City Bank. A few years ago, Union Savings bank provided Mrs. McFarland relief by assisting and providing funding for the repairs to her waterline. During 2020 over 85 applicants applied.

Despite the COVID-19 pandemic MBCDC completed significant home repairs for 23 households using local contractors. FHLBI funded this work with $221,000. Seventy-five percent of homes in the area are over 50 years old.

Many residents cannot afford necessary home repairs for a safe, energy-efficient, or accessible home. The repairs include roofing, flooring, HVAC, widening doorways, ramps, and handicap-accessible bathroom and kitchen work. Exterior repairs like roofing and siding not only make the homes safer, but adds to the look of the neighborhood.

The interior repairs such as new furnaces, flooring or kitchen cabinet repairs adds to the reality of a healthier environment which creates presonal health wellness for the household. Supporting “a ging in place ” , and providing “safe at home” resources for a sometimes excluded and underserved population is a big part of MBCDC’s housing programs.

Homeowner repair for seniors, residents with disabilities and military veterans; along with supporting new quality housing s tock in the community are priorities . During 2018 there were extensive repairs made on 27 homes, and over 25 new housing units were developed in Martindale – Brightwood neighborho ods. Mrs. Frances Meriwether will be 90 years old this year.

She is overjoyed with the recent repairs and updates to her kitchen, bathroom and laundry space. Mrs. Meriwether shared, “Oh, I love it, I really do! ” A few years ago MBCDC and CICOA provided h er with sturdy handrails on her outside steps.

This year, new counter tops, beautiful white upper and low cabinets, new stainless steel sinks, a garbage disposal, and flooring for the kitchen. For the bathroom, Mrs. Meriwether received new flooring, a walk- in tub and a new vanity. MBCDC went an additional step and had her washer and dryer moved from her basement to the first floor.

“This was such a blessing, because of my arthritis it’s very hard for me to go down those stairs. I am very happy with all of these wonderful changes. ” Mrs. Meriwether added, “I’ve lived here for 50 years and all this is next to excellent!

” The repairs were funded through a Federal Home Loan Bank of Indianapolis (FHLBI) program and bank member Lake City Bank. In preparation of a dding new housing development throughout the area, MBCDC is partnering with construction management companies and builders to renovate current stock of older homes that will give the area of new constru ction added curb appeal.

These modernization projects helps to blend the old with the new, and create neighborhood structure conformity. “…I am very happy with all of these wonderful changes. ” – Frances Meriwether Licensed & Bonded Contractors Needed Looking for Work?

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