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.
"Yolanda has served as an outstanding advocate for affordable housing in her community. The Federal Home Loan Bank of Indianapolis is honored to present her with the 2018 Community Spirit award for Indiana,” said Cindy Konich, President and CEO of FHLBank Indianapolis. “Yolanda has proven to be a key ally and valuable partner to local nonprofits seeking to deliver affordable housing solutions.”
Davis was nominated for the Community Spirit Award by her colleagues at Horizon Bank for her role in developing creative loan programs and outreach to underserved communities. Using her experience of 25 years in banking, Davis educates her coworkers and the community on how to best obtain and then use funding to make her clients housing dreams into a reality. Davis has helped many borrowers take advantage of the FHLBank Indianapolis Homeownership Initiatives grants such as the Neighborhood Impact Program (NIP), Homeownership Opportunity Program (HOP), and Accessibility Modification Program (AMP).
In addition to her work with FHLBank Indianapolis programs, Davis has created new programs through Horizon Bank to assist potential homebuyers. One of the programs she created, called Home Pride, enables homeowners with lower credit scores to purchase homes with a fixed interest rate, low downpayment, and without mortgage insurance. This program, paired with other downpayment assistance programs, allows her customers to have more buying power.
“Yolanda knows what it takes for someone to get financing for their home, and she is eager to help people make their dreams of homeownership a reality,” said Jim Neff, President of Horizon Bank. “On any given evening or weekend, you can find Yolanda at a community or church event promoting homeownership.”
Davis plays an active role in the community beyond her work with Horizon Bank. As a board member of the Michigan City Housing Authority, Michigan City Housing Development Corporation, Urban League of Northwest Indiana, Housing Opportunities, Citizen’s Concerned for the Homeless, regional Community Reinvestment Councils, and the Michigan City Promise Scholarship, she champions the underserved and unprivileged.
In recognition of the award, FHLBank Indianapolis will donate $1,000 to the charity of Davis’ choice.