New Chauncey Housing
New Chauncey Housing Incorporated (NCHI), is a non-profit housing organization for the City of West Lafayette. Our goal is to assist low to moderate income persons or families find affordable quality housing in the City of West Lafayette.
The purpose of our organization is two-fold. We seek to stabilize the near campus New Chauncey Neighborhood by slowing the conversion of single-family homes to rental units and provide affordable housing to low to moderate income persons or families. This works to preserve the historic nature and value of the neighborhood.
We accomplish these goals by buying a home that is in danger of becoming a rental property, supervising the rehabilitation of the home, and marketing the home to low or moderate-income persons and families. A person is eligible to buy a home from NCHI if he or she earns $35,150 or less per year. A family of four may earn $50,150 or less per year. The person or family must also be able to qualify for a mortgage, and must be willing to stay in the home for a minimum of ten years or be willing to repay the subsidy with the proceeds of the sale of the home.