1205 Madeira St, Indianapolis, IN 46203

Home Description

This is an affordable housing build developed by Southeast Neighborhood Development (SEND). Buyer's income must qualify under current HUD Income Limits. Property must be owner-occupied. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income thresholds: Household of 1: $57,650, Household of 2: $65,850, Household of 3: $74,100, Household of 4: $82,300, Household of 5: $88,900, Household of 6: $95,500. All buyers must apply at SEND (Southeast Neighborhood Development) website https://www.sendcdc.org/home-ownership and qualify before an offer will be accepted. Sale of home to buyer is contingent upon City of Indianapolis Department of Metropolitan Development's determination that buyer's household income is at or below the HUD required 80% AMI and housing cost does not account for more than 30% of total monthly income.