IHCDA HOME Homebuyer Program DRAFT POLICY 2023
This document provides detailed information about the IHCDA Homebuyer Program, its application process, and funding priorities. It outlines how applicants can qualify for grants and loans for housing projects aimed at low-income households. Explore this essential resource for applicants looking to navigate the funding landscape effectively.
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How do I fill this out?
To fill out this application form, begin by gathering all required documents specified in the guidelines. Ensure you provide accurate information and complete each section carefully. After completing the form, follow the submission instructions to ensure timely processing.

How to fill out the IHCDA HOME Homebuyer Program DRAFT POLICY 2023?
1
Collect all necessary documents as outlined in the application guidelines.
2
Complete all sections of the application form accurately.
3
Upload the application form and supporting documents to the designated OneDrive folder.
4
Notify the Real Estate Department Coordinator after submission.
5
Retain a copy of your application package for your records.
Who needs the IHCDA HOME Homebuyer Program DRAFT POLICY 2023?
1
Low-income families seeking funds for home purchase.
2
Non-profit organizations aiming to offer housing services.
3
Developers focused on constructing energy-efficient homes.
4
Local governments facilitating community revitalization projects.
5
Contractors looking to engage in certified minority business opportunities.
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What are the instructions for submitting this form?
To submit your application, upload it to the designated OneDrive folder as per your guidelines. Ensure all supporting documents are submitted separately and labeled correctly. Notify the Real Estate Department Coordinator once your documents have been uploaded to facilitate timely review.
What are the important dates for this form in 2024 and 2025?
Keep an eye on significant dates related to this form in 2024 and 2025. Deadlines for application submissions will be provided on IHCDA’s website. Ensure you stay updated to make the most of funding opportunities.

What is the purpose of this form?
The purpose of this form is to facilitate the application process for the IHCDA Homebuyer Program, which aims to assist low-income households. By offering grants and loans, the program seeks to promote affordable housing and support community development initiatives. This form enables potential applicants to provide the necessary information to qualify for funding.

Tell me about this form and its components and fields line-by-line.

- 1. Applicant Information: Contains details about the applicant's identity and contact information.
- 2. Project Description: Requires a summary of the housing project and its objectives.
- 3. Budget Information: Details the financial aspects and funding requested.
- 4. Supporting Documents: Space to include additional documentation such as environmental reviews.
- 5. Certification: A declaration confirming the accuracy of the provided information.
What happens if I fail to submit this form?
Failing to submit the form correctly may result in disqualification from funding consideration. It's vital to ensure all required documents are included to avoid any delays.
- Incomplete Documentation: Missing essential documents may lead to disqualification.
- Late Submission: Applications submitted past the deadline will not be accepted.
- Incorrect Information: Providing false information could result in legal consequences.
How do I know when to use this form?

- 1. First-time Homebuyers: Individuals seeking financial help for their first home purchase.
- 2. Non-profits: Organizations wanting to improve housing conditions in low-income areas.
- 3. Developers: Developers aiming to construct energy-efficient homes under IHCDA.
Frequently Asked Questions
How do I apply through this form?
Complete the application as outlined and submit it via OneDrive.
Can I edit my application after submission?
No, once submitted, changes cannot be made unless specifically requested.
What happens if my application is denied?
IHCDA will notify you via email and provide final score sheets.
Is there a deadline for submitting applications?
Applications are accepted on a rolling basis until funds are exhausted.
Who can I contact for technical assistance?
Reach out to the Director of Real Estate Strategic Initiatives.
What is the minimum score required for funding?
You must score at least 50 points to be considered for funding.
Can I apply if I have existing HOME awards?
You need to draw at least 25% of any previous HOME award first.
Are faxed applications accepted?
No, only applications uploaded via OneDrive will be considered.
What is the purpose of the Environmental Review Record?
It outlines the federally required review process for all applications.
How will I know my application status?
IHCDA will send a confirmation email within a week of your submission.
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