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Residential Infrastructure Fund (RIF)

INDIANA BUILDERS ASSOCIATION INC

Foundation Biennial Housing Grants for NonprofitsAffordable Housing GrantsCommunity Development Grants
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Funding Amount

Up to $11,000,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Residential Infrastructure Fund (RIF)

Overview: A low-interest loan program established by the Indiana General Assembly in 2023 to support infrastructure projects related to residential housing development in Indiana communities.

Geographic Scope: Indiana communities statewide

Funding Details:

  • Total Allocation: $75 million over the biennium (2023-2025)

  • Loan Structure: Low-interest loans to finance infrastructure projects

  • Award Range: Individual awards range from $600,000 to $11,000,000

    • Eligibility:

  • Indiana communities demonstrating need for additional housing inventory

  • Communities experiencing local job growth

  • Priority: Communities with housing-friendly zoning; 70% of funding allocated to communities with population less than 50,000

    • Program History:

  • Round 1 (June 2024): 11 communities approved for $51 million in loans

  • Round 2 (March 2025): 12 communities approved for over $31 million in loans

    • Contact Information:

  • Program Director: Sherry Seiwert, RIF Program Director

  • Phone: (317) 653-5194

  • Email: sseiwert1@ifa.in.gov

  • Administrator: Indiana Finance Authority (IFA)

    • About the Funder: Indiana Builders Association (IBA) is a statewide trade organization representing Indiana's home building, remodeling, and light commercial construction industry, established in 1952.

    Focus Areas & Funding Uses

    Fields of Work

    housingaffordable-housingcommunity-development

    Categories

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    Housing Grants for NonprofitsAffordable Housing GrantsCommunity Development Grants

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