State, AARP partner on pilot program
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The Indiana Housing and Community Development Authority and the AARP are teaming up on a pilot program aimed at funding place-based projects that benefit Hoosiers over the age of 50. The CreatINg Livable Communities program will provide up to $55,000 in match funding if the projects can reach their funding goals through crowdfunding campaigns.
The IHCDA said Wednesday the pilot combines its existing CreatINg Places program and the AARP’s Livable communities program.
Through the pilot, the IHCDA and AARP Indiana will select five projects with a total development budget between $15,000 and $50,000 for consideration.
The projects must provide a “clear and tangible benefit” to Indiana residents 50 years-old and up, as well as satisfy additional requirements regarding the promotion of diversity, equity, inclusion and accessibility.
The projects that are able to crowdfund up to $50,000 through Patronicity would be eligible to receive an additional $5,000 from AARP Indiana, as well as a matching grant between $5,000 and $50,000 from the IHCDA.
“We’re very excited about the possibilities that this program will create,” AARP Indiana State Director Sarah Waddle said in a news release. “By 2034, older Americans – for the first time – will outnumber youth. That’s why it’s so important to come together and invest in local projects that will make communities more livable and help residents age in place.”
The IHCDA said project applicants will be reviewed on a first come, first serve, and case-by-case basis until all funds are exhausted.
The CreatINg Places program has helped crowdfund more than $7 million since its inception in 2015.