Workforce Housing Shortage
The Board of Directors for the Indiana Housing and Community Development Authority (IHCDA) recently approved up to $4 million aimed at addressing Indiana's workforce housing shortage. The new Anchor Employer Workforce Housing Program will create public-private partnerships to invest in workforce housing.
IHCDA is seeking to partner with anchor employers to establish a plan to encourage workforce housing opportunities in their communities. While they can request up to $1 million each, the employers must match or exceed the investment made by IHCDA.