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1704 Bellefontaine St., Indianapolis, IN 46202


BuildSmart is designed to meet the needs and support the capacity of developers and contractors engaged in the construction, renovation, and rehabilitation of quality, accessible owner-occupied housing in Central Indiana.

With flexible terms, competitive rates, and an efficient application process, BuildSmart provides a responsible source of capital to scale the construction industry’s ability to better meet the affordable housing need in our community as part of a comprehensive economic development strategy by Intend Indiana.

Key Features

  • 12-month loan term from the first disbursement, which can be made up to 90 days after closing, for a maximum note maturity of 15 months.
  • Competitive rates starting at 5%, depending on underwriting
  • Up to 75% Loan-to-Value ratio depending on underwriting, reducing the amount of equity needed up-front
  • Interest-only payments available
  • Flat fees
  • Apply for funding of multiple properties in a single application


  • Creating homes with sale prices affordable to buyers at or below 80% Area Median Income (AMI) levels
  • Women, minority, disabled, and/or veteran-owned businesses
  • Purchasing or developing Renew Land Bank properties
  • Working in neighborhoods with less than 50% owner-occupied housing or specifically identified by local government or other stakeholders as needing focused housing investment

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