FHLBI's Affordable Housing Grants Open More Doors in 2014

Throughout 2014, FHLBI staff attended many ribbon cuttings, often meeting residents who express their gratitude for a comfortable home that makes them feel safe and offers the support they need to live independently, obtain a job or learn a skill.

New Beginnings located on the campus of Vista Maria in Dearborn, Michigan provides 16 beds of transitional housing, as well as treatment and supportive services, to girls ages 11-18 who are victims of human trafficking and severe abuse or neglect. This program enables survivors to reach their full potential by achieving mental health wellness and successfully transitioning back into the community. Vista Maria, one of Michigan’s largest private, nonprofit residential community-based treatment agencies for youth suffering the effects of severe abuse, neglect and other traumas, received a $500,000 AHP award through Amerisure Mutual Insurance Company.

Southside Villas provide 16 affordable one-bedroom apartments for very low-income seniors in Fort Wayne, Indiana. Because this type of housing is in great demand, Southside Villas filled up quickly. These energy-efficient apartments offer low-step showers, washers and dryers, individual balconies or porches, and other amenities to allow residents to live independently longer. STAR Financial Bank partnered with the Fort Wayne Housing Authority to receive a $350,000 AHP award.

Merici Village Apartments in Lawrence, Indiana were once military barracks at Fort Benjamin Harrison on Indianapolis’ eastside. Now 20 apartments provide affordable housing for adults with physical and developmental disabilities. A person that provides day-to-day client management services also resides on the property. The apartments are close to numerous amenities and employment opportunities. Merchants Bank of Indiana received a $385,574 AHP award in partnership with Merchants Affordable Housing Corp. to build Merici Village.