Articles

Court case might roil not-for-profit tax rules

A Bartholomew County not-for-profit affordable housing development group is preparing to fight in Indiana Tax Court a denial of its property-tax exemption. The denial has put the organization
$200,000 in debt and its rental homes in danger of tax foreclosure.

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NFP of NOTE: Habitat for Humanity of Hamilton County

Habitat for Humanity of Hamilton County is a non-profit, ecumenical Christian organization that is dedicated to working in partnership with families in Hamilton County under the conviction that every person should have a simple, decent, affordable place to live in safety and dignity.

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Habitat foreclosures on rise

So far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past
five years. The organization also repossessed four houses as a result of the prior year’s foreclosures. In a typical year,
CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.

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Bank supports network for struggling homeowners

Fifth Third Bank is one of several lenders supporting a comprehensive resource for homeowners at risk of foreclosure. The
bank recently made a $10,000 gift to the Indiana Housing and Community Development Authority, a quasi-public agency.

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