News by "Affordable Housing" - Federal Home Loan Bank of Indianapolis

Affordable Housing Community Investments HomeBoost Down Payment Assistance Program returns with $5 million allocation After exhausting $2.5 million in just two months in 2023, FHLBank Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation — $5 million to help with down payment, closing and counseling costs.

Affordable Housing Community Investments National housing and wages report mirrors FHLBank Indianapolis findings A new annual report by the National Low Income Housing Coalition (NLIHC) that highlights current trends in rental housing and average wages across the country echoes similar dismal findings of a housing needs assessment conducted by the Federal Home Loan Bank of Indianapolis in 2023.

Affordable Housing Public Announcements FHLBank Indianapolis announces new Tribal Nations Housing Development Assistance Program FHLBank Indianapolis has partnered with the Michigan State Housing Development Authority to launch the Tribal Nations Housing Development Assistance Program. The program aims to build on tribal nations' existing capacity and provide resources to develop affordable housing programs.

Affordable Housing Community Investments FHLBank Indianapolis awards $15.12 million in Affordable Housing Program grants The Federal Home Loan Bank of Indianapolis has awarded $15.12 million in affordable housing grants to 32 affordable housing developments in Indiana, Michigan and Kentucky through the Bank's 2023 Affordable Housing Program (AHP). These AHP grants of up to $600,000 w

Affordable Housing Member Announcements FHLBank Indianapolis announces 2023 Community Spirit Award winners FHLBank of Indianapolis has awarded the 2023 Community Spirit Award to Susan Ruch, Small Business Banker at The Farmers Bank in Frankfort, Ind., and Michelle LaClair-Ziembo, Human Resources Manager at United Bay Community Credit Union in Bay City, Mich.

Affordable Housing Community Investments FHLBank Indianapolis increases HomeBoost allocation to $2.5 million In an effort to help make homeownership more equitable in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has allocated $2 million in additional funds for the Bank's pilot HomeBoost minority down payment assistance program.

Affordable Housing Public Announcements 2022 Affordable Housing Advisory Council (AHAC) report released The Federal Home Loan Bank of Indianapolis continues to support the communities we serve through our affordable housing and community investment programs.