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FHLBank Indianapolis deploys more than $26M in low-cost loans through the CDFI Rate Buydown Advance program

last updated on Wednesday, November 5, 2025 in Federal Home Loan Bank Indianapolis

Today FHLBank Indianapolis announced it has facilitated over $26 million in loans to community development financial institutions (CDFIs) across Indiana and Michigan, made possible through a $5.9 million grant allocation to the Bank's CDFI Rate Buydown Advance program.

FHLBank Indianapolis launched the CDFI Rate Buydown Advance program in 2024 with an initial $5 million grant allocation. CDFI Rate Buydown Advances allow CDFI members of FHLBank Indianapolis to borrow directly from the Bank while also encouraging other member financial institutions to lend to non-depository CDFIs, regardless of Bank membership.

Read the full news release here.

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