Mapleton-Fall Creek Development Corporation

Homeownership Opportunities 

 

MFCDC believes that people of all income levels should be able to realize their dreams of homeownership.  That is why we make affordable homeownership opportunities available in our community!  MFCDC is in the process of renovating and building brand new homes in the Mapleton-Fall Creek neighborhood.  Now is a great time to meet with our Housing Coordinator, Courtney, to discuss opportunites to pick your site, finishes, and design.  Listing prices for these homes will be between $50,000 to $120,000 for homes up to 3,000 square feet and all the charm and character of homes built in the early 20th Century!

 

Details about buying a home from MFCDC
 
To be eligible to purchase a MFCDC home, your household must earn between 80-120% Area Median Income (AMI). 
 
 Household Size80%100%120%
1 person$38,500$48,100$57,720
2 people$44,000$55,000$66,000
3 people$49,500$61,900$74,280
4 people$54,950$68,700$82,440
 
Learn more about MFCDC's Down Payment Assistance Program.
Contact Courtney, Housing Coordinator, 923-5514 for more information.
 

For Sale
 
Currently, there are no homes completed and on the market.  However, if you are interested in one of our homes, we encourage you to contact Courtney, our Housing Coordinator.  By contacting us during the construction process you will have first opportunity to select site, design, and finishes!
 
 
Example of Custom Rehab:  2930 N Park Avenue, Indianapolis, IN 46205

$114,000 - $15,000 in Down Payment Assistance was available
4 bed, 2 bath
Two-story
2,834 Square Feet + Basement + Hardwood Floors + Appliances
All Updated
20th Century Charm: columns, built-ins, original window seat
21st Century Living: main floor full bath, study, oversized kitchen
Energy efficient design with LOW E windows, CFL lights, low VOC paints