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HB 1165 IN

Down payment assistance.

IN · session 2025 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 8, 2025

Latest action (Jan 8, 2025) Authored by Representative Moed

Summary

Provides that a person that otherwise meets the qualifications to receive down payment assistance under a down payment assistance program offered by the Indiana housing and community development authority (authority) may pair down payment assistance with a first mortgage issued by a community development financial institution (CDFI) without regard to whether the CDFI is a participating lender for purposes of the authority's mortgage programs and down payment assistance programs.

Sponsor (1)

Action history (2)

  1. Jan 8, 2025 First reading: referred to Committee on Financial Institutions · lower
  2. Jan 8, 2025 Authored by Representative Moed · lower
Subjects
AGENCIES; Housing and Community Development Authority (IHCDA)FINANCIAL SERVICES; Loans and MortgagesSTATE GOVERNMENT; State and Local Funding

Full text

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