News

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announced today that $6.9 million in affordable housing grants will be awarded to 16 affordable housing developments in Indiana, Michigan, and Ohio through the 2021 Affordable Housing Program (AHP). These AHP grants of up to $500,000 will support the acquisition, construction, or rehabilitation of properties for use as affordable homes.

On October 28, 2021, FHLBank Indianapolis issued its third quarter 2021 earnings release. Our Board of Directors declared dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.25% and 1.00%, respectively. The higher dividend rate on activity-based stock reflects the Board's discretion under our capital plan to reward members that use FHLBank Indianapolis in support of their liquidity need. The dividends will be paid in cash on October 29, 2021.

The Federal Home Loan Bank of Indianapolis (“Bank”) today announced the results of the Indiana election of two member directors and the district-wide election of two independent directors to its Board of Directors (“Board”). The following individuals were elected to the Board and will each serve four-year terms beginning January 1, 2022.

Today, the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) officially opened its Detroit Hub for business with the help of Detroit Mayor Mike Duggan and several Detroit-area affordable housing leaders and financial services partners. The event was hosted at FHLBank Indianapolis’ new suite in the historic Palms Building in the heart of downtown Detroit.

Voting for the 2021 FHLBank Indianapolis Director Election is currently open. This year, FHLBank Indianapolis has two (2) Indiana member directorships and two (2) independent directorships open for election. All Indiana and Michigan members of record as of December 31, 2020 ("Eligible Members"), are eligible to vote for the independent director candidates and all Indiana Eligible Members are eligible to vote for the Indiana member director candidates.