Six Indiana cities close on low-interest state loans for housing projects

By: Mackenzi Klemann

Outlets: Indiana Capital Chronicle

Published: July 22, 2026

Words: 392

Last Updated: 4 weeks, 1 day ago

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The Indiana Finance Authority closed on more than $25 million in low-interest loans for housing developments in six Hoosier cities and towns throughout the state, the agency announced in a news release Wednesday.

The loans come from the Indiana Residential Infrastructure Fund — a revolving-loan fund created by statute three years ago to support housing development through low-interest municipal loans.

Once a city pays off its loan, the money becomes available for other communities.

The …

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