Commissioners approve resolution to apply for RIF loan for housing infrastructure

The Henry County Board of Commissioners voted unanimously April 13 to pass Resolution 2025-08-13010, authorizing submission of an application to the Indiana Finance Authority for a Residential Housing Infrastructure (RIF) loan to support public infrastructure for additional housing inventory. The resolution also authorizes an official to provide required information and act as the county’s representative in the loan process.

The resolution was introduced during the commissioners’ meeting and moved, seconded and approved by a voice vote of 3-0. The text directs that two certified copies of the resolution be prepared, with one submitted to the Indiana Finance Authority as part of the application process.

County staff did not expand on specific project sites or dollar amounts during the meeting. Commissioners asked no substantive questions on the record; a staff member present confirmed they had no objections to the application proceeding. The action taken was limited to authorizing the application and designating an authorized representative; no loan agreement was adopted at the meeting.

The resolution cites state eligibility requirements for the RIF loan program and assigns responsibility to the authorized representative to provide information, data and documents required for the loan application. Further details about eligible projects, loan terms or timelines were not specified at the meeting.

The county will next prepare the certified copies of the resolution and submit them to the Indiana Finance Authority as required by the program.