INDIANA — The Indiana Housing and Community Development Authority (IHCDA) has officially reopened the application window for its Individual Development Account (IDA) Tax Credit Program.
The state housing authority is encouraging prior subrecipients as well as new community-based organizations interested in becoming local IDA administrators to submit proposals during this second-round funding period. The tax credit financing allows non-profit administrators to raise funds from private donors to support matched savings accounts for low- to moderate-income Indiana residents.
Important Clarification for Applicants
IHCDA emphasized that this application round is strictly for organizations seeking tax credit allocations to administer or expand IDA programs. It is not an open application period for individual Hoosiers looking to apply for personal IDA savings accounts. Individuals interested in opening an IDA account must apply directly through local participating community organizations.
Key Application Timeline & Details
Organizations interested in securing Tax Credit allocations should review the following key schedule:
| Key Milestone | Date |
| Application Window Opens | July 20, 2026 |
| Application Deadline | August 14, 2026 |
| Final Board Determination | August 27, 2026 |
Applications must be submitted online through the 2026 Second Round IDA Tax Credit Application. Final award determinations will be made during the IHCDA Board of Directors meeting scheduled for Thursday, August 27, 2026.
Organizations with questions regarding the application process, portal access, or eligibility requirements can contact the IHCDA program staff directly at ida@ihcda.in.gov.
About the IDA Tax Credit Program
Established under Indiana state law (I.C. 6-3.1-18 and I.C. 4-4-28-13), the IDA Tax Credit Program serves as a vital fundraising vehicle for local community organizations. Donors who contribute to approved IDA administrators receive a 50% Indiana state income tax credit on their contributions.
These tax-credited donations directly fund 3-to-1 matched savings accounts for qualified low-income Hoosiers. Program participants can leverage up to $4,500 in state and local matching funds to achieve major life goals aimed at breaking generational poverty, including:
- Purchasing a primary residence in Indiana
- Pursuing higher education or job training
- Starting or expanding a small business
- Making essential repairs to owner-occupied homes
- Buying a vehicle required for employment or school
For organizations looking to better understand how IHCDA administers these funds, you can view the IHCDA Individual Development Account Application Overview. This informational video provides helpful context on the application structure and program expectations for participating non-profits.
