City and county put $2 million into a revolving housing loan fund; separate program offers up to 5% down-payment help
Who it touches: If you're a first, second, or third-time home buyer in Vigo County or Terre Haute, or a local builder, these are new financing tools you may be able to use.
The city of Terre Haute and Vigo County each committed $1 million — $2 million total — to a revolving loan fund that lends to home builders and recycles the money as loans are repaid, instead of a one-time grant.
Separately, the Hoosier Homes Plus program can give home buyers up to 5% of their down payment; so far $73,000 in local matching money has gone out of a $500,000 pool.
Sources
- $1 million each from city and county, 23:520:23:52 (23 minutes 52 seconds)
- Down payment assistance totals so far, 15:330:15:33 (15 minutes 33 seconds)
- Program targets first-time home buyers, 15:030:15:03 (15 minutes 3 seconds)
- How the $5 million ARPA housing money was divided, 12:450:12:45 (12 minutes 45 seconds)
Outcome
Active programs, not a vote before the council
Not a vote — both programs are already operating, administered by Thrive West Central.
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.