HOMEOWNERSHIP Opportunities
Available Properties/Projects in Development
Projects listed here are funded with assistance from the City of Indianapolis through the Department of Housing and Urban Development as well as generous support from the Indianapolis Neighborhood Housing Partnership. Potential buyers MUST meet program requirements including income restrictions and certain monthly payment guidelines in order to qualify. Income is limited to 80% of the area median income based on household size. The current income limits are listed below.
Current Limits (effective June 1, 2025) 80% AMI Limits Based on Household Size (HH):
HH of 1 - $62,000, HH of 2 - $70,850, HH of 3 - $79,700, HH of 4 - $88,550, HH of 5 - $95,650, HH of 6 - $102,750
Both addresses offered at $179,900. Click property address above for current listing.
Both addresses offered at $179,900. Click property address above for current listing.
1829 Marlowe and 256 N Randolph offered at $200,000. 1831 Marlowe offered at $190,000. Buyer assistance available of up to $25,000 for qualified buyers. Click property address above for current listing.
Community Land Trust
NEAR has been a supporter of the community-wide efforts to establish the creation of a local Community Land Trust. This independent nonprofit will have the capacity to permanently preserve developed property and houses as affordable for up to 99 years. As the new Indianapolis Community Land Trust launched in late 2024 grows further, NEAR will explore opportunities for collaboration to ensure opportunities for long term affordable housing are available on the Near Eastside. To learn more about opportunities that may exist to access homeownership through the Community Land Trust, please visit https://www.indyclt.org/
