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Indianapolis Neighborhood Housing Partnership
Indianapolis Neighborhood Housing Partnership or INHP is a private, non-profit, HUD-approved organization established in 1988 to help working families become and remain home owners. INHP offers home buyer education, one-on-one advising, guidance to qualify and close on a mortgage to purchase a home, and financing for affordable housing and economic development projects by CDCs as part of targeted neighborhood revitalization efforts.

Mission

The mission of INHP is to increase safe, decent, affordable housing opportunities that foster healthy, viable neighborhoods. INHP will do this by securing, coordinating, and leveraging financial, human, and organizational resources to deliver quality homeownership education and mortgage services, to promote the construction and maintenance of low-to-moderate income affordable housing (owner-occupied and rental) and to support commercial and other complementary neighborhood development activies.

About INHP

INHP offers multiple services.

The Homeownership Preparation Program (HPP) is one-on-one, HUD-approved, pre-purchase advising to help propective homeowners prepare for purchasing a home. After applying for services online, by mail, or in office, the prospective homeowners will meet with a client services representative to find out what they will need to do to finish the program in twenty-four months (the maximum time permitted). If the prospective homeowners decide to proceed, they will be paired with a Homeownership Advisor, who will meet with them once per month to help guide them on their path to homeownership. The Homeownership Advisors are certified in Housing Counseling by NCHEC and the State of Indiana. Once they have completed the HPP and are ready to apply for a mortgage, one of the in-house loan officers reviews their credit history and assists in finding loan products for which they may qualify. They may also help prepare and submit a loan application for pre-approval. Even after submitting a loan application, INHP staff follows through the entire home-buying process, all the way through closing.

The loan officers form part of the Single Family Lending department, which also offers loan products to compliment the market. Products are offered for home purchase or refinance, home repair, home improvements, and other special offers. Purchase or refinance options include a fixed-rate conventional mortgage. Repair and improvement options include the Essential Repair Loan, the Accessibility Deferred Loan, and the Home Improvement Loan. Special offers include the INHP Buyers' Incentive Program and the Hero Next Door Program, which partner homebuyers with local NSP properties. Frequently, INHP also distributes down-payment assistance funds for the City of Indianapolis.

INHP insists the key to sucessful homeownership is education, and they offer numerous opportunites. The Education department offers several classes that guide homebuyers through personal finances, managing their credit scores, the home-buying process, what to do after getting a home, and how to financially plan for the future. These classes are perfect for the first-time home buyer or someone who has been in their house for a long time but wants a refresher course to stay on track. The instructors have extensive knowledge in money mangement and homeownership. They have their certification in Pre-purchase Homeownership Education as well as Housing Counseling, and are also FICO Professional Certified

For those who are already homeowners, INHP offers post-purchase support (for former INHP clients) as well as Financial Planning. The Financial Planning Program is available to current homeowners who have been in their home for at least a year. Throughout the program, INHP will work to understand the needs of their clients and develop a plan that considers their financial goals; their stabilized assets, liabilities, income, and expenses, along with the risks that may cause reality to differ from expectations and how these risks can be mitigated; tax issues; legal advice; and the unique circumstances that may affect each plan. The program provides a plan that is portable and offers longer-term follow-up services and referrals, helps develop asset-building strategies, helps develop risk-mitigation strategies, and helps clients understand financial literacy and planning focused on their household income.