INHP breaks ground on its first affordable home in City of Southport

1,260 square-foot home to be built using award from Indiana Housing and Community Development Authority

INDIANAPOLIS (April 21, 2025) – The Indianapolis Neighborhood Housing Partnership (INHP), in partnership with the City of Southport and with support from the Indiana Housing and Community Development Authority (IHCDA), is today breaking ground on a new affordable home at 10 Church St. in Southport, Ind. The event marks the first time INHP has developed an affordable home inside Southport city limits since it began developing homes eight years ago, and it is the first home in Southport funded through IHCDA.

The opportunity to build this home is the result of INHP’s successful application for IHCDA’s HOME Investment Partnerships Program (HOME). The one-story home, to be built by Cliff’s Construction, will be 1,260 square feet and feature three bedrooms and two bathrooms. The cost to develop the home will be approximately $300,000, and subsidy will help to create an affordable sale price for income-eligible buyers.

“The City of Southport welcomes new housing stock and homeownership opportunities to our growing area with the help of INHP,” said Southport Mayor Jim Cooney. “As our city’s median home sales price is trending more than 50% higher than last year,* this home helps us continue welcoming all residents to the area and benefit from the amenities our location in Marion County provides.”

The 10 Church St. home also represents the first time INHP has leveraged funding through IHCDA for affordable housing development.

“IHCDA is pleased to support this partnership effort between INHP and the City of Southport to add homeownership opportunities inside central Indiana,” said Samantha Spergel, director of real estate strategic initiatives and engagement at IHCDA. “Affordable housing is vital to our state’s infrastructure and essential to any community’s growth. We look forward to when a new homeowner can proudly call this new Southport address home.”

“For nearly 37 years, INHP has been creating affordable housing opportunities throughout Marion County through our evolving suite of consumer and community solutions,” said Gina Miller, president and CEO of INHP. “We are grateful for the invitation by Mayor Cooney and the Southport Redevelopment Commission to provide our housing development expertise to Southport for the creation of more housing choice and access to the places our clients desire to live.”

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The home is slated to be ready for sale in late fall 2025 to buyers earning up to 80% of the area median income. That could include a family of two earning a combined income of up to $65,850, or a family of four earning up to $82,300. INHP will list the home for sale on its website at INHP.org/homes-for-sale and offer it first to INHP clients.

See floor plan and elevations here: 10th Church St. (Coming Soon) – INHP – Indianapolis Neighborhood Housing Partnership 

*Source: Redfin, https://www.redfin.com/city/18260/IN/Southport/housing-market

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About INHP

The Indianapolis Neighborhood Housing Partnership (INHP) creates affordable housing solutions for people with low and moderate incomes, and collaborates to enhance quality of life in Indianapolis neighborhoods. INHP supports people by providing homebuyer and financial education, one-on-one homeownership advising, home purchase and home repair lending, and housing stability programming for renters participating in economic mobility initiatives. As a Community Development Financial Institution (CDFI) INHP also supports the creation or preservation of affordable housing through investments in affordable housing development, land banking, community lending and grantmaking. For more information, visit INHP.org.

About IHCDA and HOME Investment Partnership Program

The Indiana Housing and Community Development Authority (IHCDA) provides housing opportunities, promotes self-sufficiency and strengthens communities in order to build an Indiana with a sustainable quality of life for all Hoosiers in the community of their choice. For more information, visit in.gov/ihcda.

The purpose of the HOME program is to provide subsidies in the form of grants or loans for the acquisition, rehabilitation, and/or new construction of housing for low-income households. Through this program, the Indiana Housing and Community Development Authority seeks to create or preserve affordable housing options for Indiana households.