Homeownership Initiative Forms

Homeownership Initiative Forms (HOP, NIP, NSA)

All forms for HOP and NIP are in Microsoft Word 2000, Microsoft Excel, or PDF (Adobe Acrobat) format. Click the link to open the file. Print, tab through the blank fields to enter information and then print, or save the file to your local PC drive. Additional tools are available to help administer our programs.

Participation

To participate in any Homeownership Initiatives Program (HOP, NSA, NIP, NSA), the member financial institution of the FHLBI must submit a Master Agreement and Registration and Certification Form. Upon approval and completion of mandatory training by at least the primary or secondary contact, a starter kit will be sent with information needed to begin requesting disbursements.

Homeownership Initiatives Master Agreement	> Word
Homeownership Initiatives Registration and Certification Form	> Word

HUD AMI charts

AMI is automatically calculated on the disbursement request forms (via Excel formulas). These HUD AMI charts are also available as a reference.

HUD charts

> Link

Income Calculation Form

To provide information regarding what documentation and calculations were used in performing the household income qualification.

> Excel

Income Guidelines

These Guidelines must be used to calculate household income.

> PDF

Returning funds

Retention Agreement Guide and
Subsidy Repayment Worksheet

> Excel

Retention agreement

This legal document must be signed by the homeowner and recorded on the property. The retention period is five years and may be subject to repayment if home is sold or refinanced in that period.

Real Estate Retention Agreement

> PDF

Rehabilitation closing statement

A settlement or closing statement must be provided to the FHLBI for each rehabilitation grant.

> Excel

Student Status Questionnaire

Provides the FHFA restriction on students accessing AHP funds and questions used to determine eligibility.

> Excel

Updated: May 3, 2012