Housing

Acquisition (Purchase) Rehab Resale (ARR OR PRR)

  • Agency acquires abandoned single family homes from local jurisdictions, auctions, sales for purpose of homeownership opportunities and community improvement
  • Can assist potential home buyers with rehab costs/activities on single family homes to bring up to current local building codes or for other rehab activities 
  • Some modifications can be done on a limited basis for individual accessibility
  • Provide home ownership opportunities for first time home buyers.
ARR BeforeARR After
ARR Before 2ARR After 2

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Down Payment Assistance Program

  • Down Payment Assistance (up to $3,000 for income eligible participants- first time homebuyers within city limits of Evansville)
  • Pre and Post-Purchase Counseling
  • Homeownership Training
  • Financial Literacy Training/Credit Counseling
  • CAPE can help customers resolve credit problems, develop a budget, learn the home buying process and become involved in their neighborhoods.  The goal is to work with customers to help develop a plan of action tailored towards your individual needs and assist you in becoming a successful homeowner.

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Foreclosure Mitigation

Assists homeowners in jeopardy of foreclosure; individual counseling & working with lenders / mortgage companies on a positive outcome for all.

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Homeownership Education / Financial Literacy

Certified Housing Counselors provide homeownership and financial literacy counseling, credit repair/ establishment training.

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Housing Development Services

CAPE serves as a CHDO (Community Housing Development Organization) providing affordable housing for low to moderate income families in Vanderburgh, Gibson and Posey Counties.

Provide safe, decent affordable new construction homes for first time homebuyers

  • Units available for families, disabled and Senior Citizens
  • Serving households with low to moderate incomes
  • Households seeking to purchase may also apply for possible Down Payment Assistance

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Individual Development Account (IDA)

Objective

The IDA program assists people with limited means in achieving financial independence and self-sufficiency by providing them the skills to:

  • Develop a budget and set goals
  • Establish regular saving habits
  • Invest in assets

History

In 1997, the Indiana Housing Community and Development Authority (IHCDA) created the IDA program as an innovative tool to help low-income Hoosiers:

  • Build assets
  • Attain self-sufficiency
  • Learn personal financial skills
  • Invest in improving their quality of life

Who is it for?

IDA programs are for low-to-moderate income individuals at or below 200% of the federal poverty line.

Individuals under 50% of the poverty line save at least 2x — 3x the rates of those between 150% — 200% of the poverty line.

The program covers all of Indiana’s 92 counties and is administered by over 30 local program administrators with Community Development Corporations (CDC).

What does it provide?

  • Financial education
  • Case Management
  • Homeownership counseling
  • Other goal-specific training

How does it work?

Financial education is important, significantly raising savings rates and providing program consistency.

Account holders save primarily through reducing other expenditures and secondarily through increasing income.

Most account holders can amass critical assets through IDAs.

IDAs have significant psychological and social effects, increasing:

  • Future orientation
  • Financial skills
  • Sense of control
  • Initiative-taking
  • Civic and family participation.

Requirements

IDAs are matched savings accounts designed to encourage low-income families to save for the purchase of an asset.

Participants in the program are required to successfully complete financial education as well as training related to a specific asset purchase.

The program year is July 1st to June 30th.

The match rate is 3:1, where participants save $1,500 over three years and receive $4,500 in state match funds.

Eligible Assets

  • Purchasing a home
  • Paying for home repair
  • Starting / expanding a small business
  • Purchasing a vehicle
  • Paying for education/job training

How to apply

CAPE is at full capacity for the 2022 — 2023 IDA Program Year.

Anyone interested in being added to the wait list for future IDA opportunities at CAPE should contact Garyallen Glass by phone or email.

For More Information Contact:

Garyallen Glass
Email: gglass@capeevansville.org
Phone: (812) 492-3943

Individual Development Account (IDA)

IDA’s will be paid directly to an accredited institution of higher education (trade, college or university) for the individual or the dependent of the individual.

Eligibility & Requirements

Income Guidelines

Number in Household Annual Income
1
$20,108
2
$27,143
3
$34,178
4
$41,213
  • Within income guidelines
  • Has GED, High School Diploma or taken assessment for GED
  • Financial Literacy course completed in 1 year
  • Continue Financial Literacy sessions (at least 1 each year beginning in year 2)
  • Complete track related training

IDA’s will be paid to the lending source for down payment and closing cost to purchase a primary residence for the individual.

Eligibility & Requirements

  • Income meets guidelines (see Income chart)
  • Job stability
  • Attend orientation class
  • Complete financial literacy class in first year
  • Complete home ownership class
  • Work to repair credit (on-going)
  • Maintain employment
  • Complete track related training

IDA’s will be released to purchase or start a business which meets criteria.

  • Can be used to purchase equipment if related to business
  • Can not be used to liquidate debt owed on current business

Eligibility & Requirements

  • Income meets guidelines (see Income chart)
  • Attend orientation class
  • Complete Financial Literacy class in first year
  • Complete Small Business Course with Neighborhood Economic Development Center (NEDC) to develop business plan
  • Develop list of assets and liabilities personally and for the business
  • Complete track related training

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Lead Risk Assessments / Lead Paint Inspections

  • Provide pre-construction/rehab Lead Paint Risk/Hazards Assessments
  • Provide pre-construction/rehab Lead Paint Inspections
  • Provide post construction clearance testing
  • Services reduced for income eligible households seeking first time homebuyer opportunities
  • Written reports and recommendations provide for review
  • Provide information on healthy homes and maintenance regarding controlling and/or eliminating Lead Paint hazards

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Multifamily Housing Developments

  • CAPE Place on Brumfield-Multifamily
  • CAPE Place on Brumfield-Senior Complex
  • Brumfield Place Apartments
  • Paradise Estates Senior Complex
  • Assist households with providing affordable rental apartment style units
  • Units available for families, disabled and Senior Citizens
  • Serving households with low to moderate incomes
  • Some units retrofitted for disability and/or accessibility needs

For CAPE apartment leasing information, contact:

Brumfield Place & Cape Place Apartments
400 N Ford Street
Princeton, IN 47670
Phone: 812-386-8200
Fax: 812-635-9157

New Construction Home Ownership

  • Provide safe, decent affordable new construction homes for first time homebuyers
  • Units available for families, disabled and Senior Citizens
  • Serving households with low to moderate incomes
  • Households seeking to purchase may also apply for possible Down Payment Assistance

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Owner Occupied Rehab (OOR)

  •   Reduce monthly utility costs
  •   Improve energy efficiency in conjunction with the rehabilitation project
  •   Minimize ongoing maintenance for homeowners
  •   Preserve the housing unit
  •   Add to the quality of living
  •   Increase value of home
BeforeAfter

For More Information Contact:

Tehiji Crenshaw
Phone: (812) 492-3951

Rental Single Family Developments (Homes of Oakland City)

  • Assist households with providing affordable rental apartment style units
  • Units available for families, disabled and Senior Citizens
  • Serving households with low to moderate incomes
  • All units designed for disability and/or accessibility needs

For CAPE apartment leasing information, contact:

Brumfield Place & Cape Place Apartments
400 N Ford Street
Princeton, IN 47670
Phone: 812-386-8200
Fax: 812-635-9157