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Homeownership Initiative Forms (HOP, NIP, NSA & RAP)
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, NIP, DRP, NSA, and RAP), member financial
institutions of the FHLBI must submit a registration form and agreement. 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.
| Master Agreement |
> Word |
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| Registration and Certification form |
> Word |
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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.
Income Calculation Form
To provide information regarding what documentation and calculations were used in performing the household income qualification.
Income Guidelines
These Guidelines must be used to calculate household income.
Returning funds
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.
Rehabilitation closing statement
A settlement or closing statement must be provided to the FHLBI for each rehabilitation grant.
Updated: August 26, 2010
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