News

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) recently announced the award of more than $12.6 million in Affordable Housing Program (AHP) grants to support the funding of the acquisition, construction, or rehabilitation of properties for use as affordable rental or homeownership. During 2018, FHLBank Indianapolis received 55 applications for AHP, and awarded grants of up to $500,000 each to 28 affordable housing developments in Indiana and Michigan. In total, the AHP grants awarded will help to create an additional 1,083 units of affordable housing.

On October 25, FHLBank Indianapolis issued its third quarter 2018 earnings release. Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.50% and 3.60%, respectively. The dividends will be paid in cash on October 26, 2018.

The Federal Home Loan Bank of Indianapolis today announced the results of its Board of Directors election for one Indiana member director, two Michigan member directors, and one district-wide independent director.

Today, the Federal Home Loan Bank of Indianapolis awarded Yolanda Davis, Horizon Bank Vice President and Community Reinvestment Act Officer, with the Community Spirit Award at the Indiana Housing Conference. The Community Spirit Award honors individuals that show an outstanding dedication to affordable housing and community economic development.

Voting for the 2018 FHLBank Indianapolis Director Election is currently open. Voting will close on October 10, 2018 at 5:00 PM EDT. Results of the election are expected to be announced within the following week. Members requiring assistance with the election, please contact the FHLBank Indianapolis Corporate Secretary, Matthew R. St. Louis, at elections@fhlbi.com.