Habitat for Humanity - HFH of Indiana

Home investment fund project: Habitat has a partnership with ihcda that has enabled them to set up a revolving loan fund for affiliates. The purpose of the project is to gain sustainability and attract private investment by providing affiliates seed money for home builds and rehab projects. Habitat will receive $1,050,000 from ihcda over 3 years that will be distributed to local affiliates. The distribution structure is 50% loan and 50% grant. The goal is that the loan repayments and private investment will provide steady funding for the mission well into the future. This will allow Habitat to serve many more Hoosier families.

Health insurance program: during the year ended june 30, 2021, Habitat started an affiliate health insurance program to allow for participating affiliates to provide health and life insurance benefits to their employees through a group health insurance plan managed by Habitat. Habitat collects premiums as well as additional amounts to cover plan expenses and administration fees and then remits premiums to the insurance providers of the plan.