Container Homes
The Community Action Program of Evansville (CAPE) has launched a new affordable housing initiative using repurposed shipping containers, a concept gaining momentum across the country. These two-bedroom, one-bath homes offer quality living with features like energy-efficient appliances and quartz countertops. Gary Roan, CAPE’s CEO, notes that these homes could be scaled for larger families and present a sustainable, cost-effective solution to Evansville’s housing shortage. With land donations and community funding, these homes aim to address critical housing needs.
Read more about this initiative here.
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:
Jason Rucker, Director of Housing
Phone: (812) 492-3951
Email: jrucker@capeevansville.org
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:
Jason Rucker, Director of Housing
Phone: (812) 492-3951
Email: jrucker@capeevansville.org
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 Jason Rucker by phone or email.
For more information, contact:
Jason Rucker, Director of Housing
Phone: (812) 492-3951
Email: jrucker@capeevansville.org
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:
Jason Rucker, Director of Housing
Phone: (812) 492-3951
Email: jrucker@capeevansville.org
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
For more information, contact:
Jason Rucker, Director of Housing
Phone: (812) 492-3951
Email: jrucker@capeevansville.org
