How to Submit: Email application information to team@rjlsolutions.com to be considered for submission by the Wabash River RDA.

Deadline: For consider in this cycle, please submit application information to the Wabash River RDA for consideration by October 20, 2026. The IEDC has also proposed application windows for 2027 from March 1 through May 31 and July 1 through Oct. 31 (RDA deadlines TBD once final information is released by the IEDC).

‍Developers Should Be Prepared to Provide

• A completed, signed and dated IEDC Regional Redevelopment Tax Credit Pre-Submission Checklist.
  
  • ‍Download the official IEDC RTC application checklist.‍

• Project information, including:
  
  • Project name and type
  • Project address and county
  • Applicant and property-owner information
  • Primary contact information
  • For-profit or nonprofit status
  • EIN and NAICS code
• Estimated project start and completion dates
• A project narrative describing:
  
  • The primary components of the project
  • Project timeline
  • Development partners
  • Intended outcomes
  • Community and regional impact
• A site-development plan showing the proposed improvements, together with available architectural plans, engineering plans, drawings, site plans or renderings.
• A detailed, itemized project budget identifying:
  
  • Hard construction costs
  • Eligible soft costs
  • Ineligible costs
  • Total project cost
  • Costs per unit or square foot, when applicable
• Project measurements, including total building area and any residential, retail, surface-parking or structured-parking areas.
• For residential projects, a unit schedule showing unit types, unit sizes, number of units, anticipated rents and rent per square foot.
• A summary of the project’s current status, including site control, zoning, design work, approvals and other due-diligence activities completed to date.
• The amount of Regional RTC assistance being requested.
• A cash-flow operating pro forma covering the anticipated ownership or hold period and showing:
  
  • Annual gross income
  • Operating and maintenance expenses
  • Net operating income
  • Annual debt service
  • Capitalization rate
• A project funding plan identifying each source, funding entity, funding type, commitment status and dollar amount.
• Supporting documentation for every funding source, such as:
  
  • Bank commitment letters
  • Owner or investor equity commitments
  • Grant award letters or agreements
  • Local funding commitments
• The anticipated date by which all non-RTC project financing will be in place.
• Information about any new full-time jobs, including the number of jobs and anticipated average wage.
• Any additional supporting documents relevant to the project.

Additional Information When Applicable

• Housing projects must provide the number of new units by housing type, tenure and affordability classification.
• Brownfield projects must identify whether an Indiana Finance Authority Comfort Letter exists and whether a Phase I or Phase II environmental assessment has been completed.
• Mixed-use projects must provide the square footage and use of each project component.
• Projects creating jobs must provide the anticipated number of full-time positions and average wages.

Important Application Notes

• Developers should contact their regional development organization early to confirm its internal deadline, review process and any additional regional requirements.
• IEDC may request additional information during its review.
• Expenses incurred before IEDC approval generally do not qualify for the credit.
• The RTC is not upfront construction funding. Applicants should demonstrate that the project can be financed until eligible costs are incurred, certified and the credit is claimed or sold.
• Letters of support, evidence of local-plan alignment and documentation of community impact are encouraged because IEDC considers regional support and project impact during evaluation.

Download the official IEDC RTC application checklist.

How to Submit: Email application information to team@rjlsolutions.com to be considered for submission by the Wabash River RDA.