2026 Indiana Uplands Program Deadline: October 12, 2026
To discuss a potential redevelopment project, contact Julie Halbig at juliehalbig@regionalopportunityinc.org.
Regional Opportunity Initiatives serves as the Indiana Uplands regional partner for the Indiana Economic Development Corporation (IEDC) Redevelopment Tax Credit program.
IEDC’s Redevelopment Tax Credit program includes two funding opportunities: the Regional Redevelopment Tax Credit (RTC) and the Small Town Opportunity Initiative (STOI), both designed to encourage investment in the redevelopment and revitalization of vacant, underutilized, and distressed properties across Indiana.
Regional Redevelopment Tax Credits
Regional Redevelopment Tax Credits (RTCs) are designed to encourage investment in vacant and underutilized properties, helping communities attract new for-rent multi-family housing projects, commercial redevelopment, mixed-use projects, hotel/hospitality, and other catalytic investment projects that strengthen quality of place and economic vitality. The program has an annual statewide allocation of $35 million.
The Small Town Opportunity Initiative
The Small Town Opportunity Initiative (STOI) is a redevelopment tax credit program focused on smaller communities. It incentivizes the redevelopment, rehabilitation, or preservation of vacant and underutilized buildings in downtowns, Main Streets, and community centers in eligible small towns and rural areas, helping preserve community assets and support local revitalization efforts. The program has an annual statewide allocation of $15 million.
While ROI facilitates the regional review process, final funding decisions and tax credit awards are made by the IEDC.
Indiana Uplands Redevelopment Tax Credit Review Process:
The 2026 deadline to submit your materials to ROI is October 12, 2026.
Through the RTC program, ROI works with developers, local governments, and community partners to:
- Provide guidance on program requirements and timelines.
- Connect applicants with local and regional stakeholders.
- Review proposed projects for alignment with regional development priorities.
- Submit qualified applications to the IEDC for consideration.
Projects are evaluated based on a variety of factors, including:
- Potential impact on the local community
- Barriers to development
- Likelihood the project will spur additional investment (catalytic project)
- Level of support from local community
- Alignment with local and regional plan
- Positive return to the state
Indiana Uplands Redevelopment Tax Credit Submission Process
Use the material list below to prepare your application for consideration for an Indiana Uplands Regional Redevelopment Tax Credit (RTC) program or the Small Town Opportunity Initiative (STOI). Email all your materials to Julie Halbig, Vice President for Economic and Community Development, at juliehalbig@regionalopportunityinc.org by October 12, 2026.
- A completed IEDC Regional Redevelopment Tax Credit Pre-Submission Checklist
- A proposed, itemized budget
- A cash flow operating pro forma that reflects the hold period of the project
- A site development plan
- Matching fund supporting documentation
- A narrative description (character limit 750) of how the project aligns with the goals included in Indiana Uplands READI 2.0 Development Plan
- Alignment with local development plans, which may include comprehensive plans, Quality of Place and Workforce Attraction Plans, the Indiana Uplands Housing Study (regional and county profiles), or other relevant strategic plans.
- Any other relevant documents or materials
For individual questions, please contact Julie Halbig at 812-287-8116 ext. 115 or juliehalbig@regionalopportunityinc.org.