FHLBank Indianapolis announces new Tribal Nations Housing Development Assistance Program
last updated on Thursday, January 18, 2024 in Affordable Housing
FHLBank Indianapolis, in partnership with the Michigan State Housing Development Authority (MSHDA), has announced the launch of the Tribal Nations Housing Development Assistance Program (TNHDAP). The program is aimed at building on tribal nations’ existing capacity and providing resources and support to develop affordable housing programs and projects that respond to their unique housing needs.
FHLBank Indianapolis is supporting this new program with a grant of up to $3 million, which marks the Bank’s largest grant to a single organization. The grant will provide flexible funding to help remove barriers to program participation and will cover critical predevelopment expenses, respond to additional capacity building needs and opportunities, and help bridge project financing gaps.
Click here to read the Bank’s full news release.