News

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) recently awarded $14.9 million in Affordable Housing Program (AHP) grants to support the acquisition, construction, or rehabilitation of properties for use as affordable homes. During 2019, FHLBank Indianapolis considered 58 applications. FHLBank Indianapolis awarded AHP grants of up to $500,000 each to 35 affordable housing developments.

On October 24, 2019 FHLBank Indianapolis issued its third quarter 2019 earnings release. Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.75% and 3.80%, respectively. The dividends will be paid in cash on October 25, 2019

The Federal Home Loan Bank of Indianapolis (“Bank”) today announced the results of the district-wide election of two independent directors to its Board of Directors (“Board”).

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) awarded Moira Carlstedt, President and CEO of Indianapolis Neighborhood Housing Partnership® (INHP), with the 2019 Community Spirit Award. The Community Spirit Award honors individuals that show an outstanding dedication to affordable housing and community economic development.

FHLBank Indianapolis recently announced that 17 Indiana and Michigan businesses were awarded the bank’s Elevate Small Business Grant. Now in its second year, Elevate was developed to strengthen our communities and encourage Indiana and Michigan small businesses to further develop their relationship with an FHLBank Indianapolis member financial institution.