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Community Investment Program
Application and Forms
Application
Complete the CIP application and supporting documentation
to the FHLBI
and mail with original signatures. The application process takes
10-14 business days.
1. The community investment department will review
the proposed project
to be funded with a CIP advance and, if necessary,
request follow-up
information or documents.
2. The credit department will review the request for
an advance and notify
the community investment area if there are any problems
with the member's
borrowing capacity, borrowing resolution, collateral,
etc.
3. After both the community investment department and
credit departments
approve the CIP advance, the community investment division
will send you
a letter authorizing the advance under the conditions agreed
upon. The letter
will also advise you if additional documentation will
be needed.
4. A funds-only commitment is established for up to
six months depending
on the use of the advance.
5. When you are ready to take down the advance, call
the credit department
at (317) 465-0461 or 1-800-442-2568.
6. Additional documentation, if required, will need
to be submitted within six
months after the takedown date.
The application and forms are in Microsoft Excel 2000 or Microsoft Word 2000.
Just click to open, then print, or tab through the blank fields to enter information
and save to your local PC drive.
Documentation required to support the form will be specified in the instructions.
Many of the forms are specific to rental or owner-occupied projects only.
1. |
CIP application. If other forms are needed
by the FHLBI to process the advance, they will be provided directly. |
> Word |
2. |
Job information form (needed if job creation
or retention is a reason for CIP qualification). |
> Word |
3. |
Portfolio information form |
> Excel |
4. |
Homeownership information form |
> Excel |
5. |
Rental information form |
> Excel |
Updated: June 17, 2008
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