STATEHOUSE (Aug. 14, 2026) – Recently, the city of Attica was awarded $1.7 million from the Indiana Finance Authority in the latest round of funding to expand housing throughout the state, according to State Reps. Matt Commons (R-Williamsport) and Tim Yocum (R-Clinton).
Commons said the loans come from the Indiana Residential Housing Infrastructure Assistance Program, which was established in a 2023 law championed by House Republicans. The fund helps local governments cover the costs of housing infrastructure like water distribution systems, electric or gas distribution lines, and new streets, roads and bridges.
"Fountain County and the communities within it are growing and attracting more businesses and families," Commons said. "To meet increased demands and improve the quality of life, Indiana is working with local officials to invest in the future and growth of Attica and the surrounding areas."
Yocum said the $1.7 million low-interest loan to Attica will help the city build 87 single-family housing lots across 35 acres within walking distance to the Attica Consolidated School Corp. The development is part of a regional plan to grow housing supply, supporting the region's economic investments.
"Our partners at the local level are investing in education, upgrading Attica's downtown and expanding their infrastructure," Yocum said. "This new housing investment will help more families find affordable homes in the community."
Since the program's inception, the Indiana Finance Authority has closed more than $87 million in loans for housing developments in 20 cities and towns throughout the state. Hoosier communities have added over 3,000 housing units since 2023 through the program.
70% of the state funding is dedicated to communities with populations under 50,000, where the lack of housing is more prevalent. The remaining 30% is available for communities with populations greater than 50,000.
This year, House Republicans led further efforts through House Enrolled Act 1001 to expand housing availability, lower costs and help more Hoosiers pursue the American dream of homeownership.
Attica is one of six cities that closed on more than $25 million in housing loans for this round of funding. To see the full list of cities and learn more about the Residential Housing Infrastructure Assistance Program and application process, visit https://www.in.gov/ifa/residential-housing-infrastructure-assistance-program/.
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State Rep. Matt Commons (R-Williamsport) represents House District 13,
which includes all of Benton and Warren counties, and portions of
Fountain, Jasper, Montgomery, Newton, Tippecanoe and White counties.
Click here to download a high-resolution photo.
State Rep. Tim Yocum (R-Clinton) represents House District 42, which includes
all of Parke and Vermillion counties, and portions of Clay, Fountain and Vigo counties.
Click here to download a high-resolution photo.
