News by "news"

Affordable Housing Member Announcements FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers In response to heavy member demand, the Board of Directors of FHLBank Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total allocation to $6.7 million to make homeownership more affordable to hundreds of low-income residents in Indiana and Michigan. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Dirt Wain, LLC of Fort Wayne, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Dirt Wain, LLC. Affordable Housing Public Announcements FHLBank Indianapolis announces $800,000 in pre-development grants for Tribal Nations Housing Development Assistance Program FHLBank Indianapolis has announced that $800,000 in pre-development affordable housing grants is now available to the 12 federally recognized tribal nations located in Michigan through the Tribal Nations Housing Development Assistance Program (TNHDAP). Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis adds $3 million to popular new home loan program with below-market rates The new MPP Rate Advantage Program incentivizes Bank members to fund mortgage loans to low-income borrowers by offering below-market note rates. Launched with $1 million on Aug. 15, 2024, the initial 100 loans were locked in under six weeks, In September, $3 million was added to extend the program. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Accutrak Consulting and Accounting Services of St. Clair Shores, Mich. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Accutrak Consulting and Accounting Services Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Owl Creek Construction of Evansville, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Watch this space and our social media for future occasional installments. First up: Owl Creek Construction in Evansville, Ind., a company specializing in small concrete projects. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis announces 2024 Dr. Martin Luther King, Jr. Citizenship Award winner As part of Black History Month observances, FHLBank Indianapolis has named Sr. Software Developer Jenny Ferree as the Bank's 2024 recipient of the Dr. Martin Luther King Jr. Citizenship Award. Since 2001, the Bank has honored one outstanding employee who best represents King's ideals. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis unveils in-house art display for Black History Month As part of Black History Month, FHLBank Indianapolis is displaying dozens of Black-inspired wall art in an in-house display titled, “Impact and Influence: The Intersection of Art and Black History,” the first time diverse artistic talents from the Indiana and Michigan district have been highlighted. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance files Q3 2023 CFR for FHLBanks The Office of Finance has published the Third Quarter 2023 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the unaudited financial information of the FHLBanks. Each FHLBank has filed its Q3 2023 Form 10-Q with the SEC. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis 2023 Board of Directors Election opens Sept. 25, 2023 Voting for the 2023 FHLBank Indianapolis Director Election will open Sept. 25, 2023, and will close Oct. 26, 2023, at 5 p.m. (Eastern). This year, FHLBank Indianapolis has two Michigan member directorships and two independent directorships open for election. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis 2023 invitation for Board of Directors Candidates Nominations for the 2023 FHLBank Indianapolis Director Election will open on June 16, 2023. Open positions include two Member Directors from Michigan and two Independent Directors, who may be from Indiana or Michigan. Nominations will close at 5 p.m. (EDT) July 17, 2023. Federal Home Loan Bank Indianapolis Member Announcements Office of Finance files Q1 2023 CFR for FHLBanks The Office of Finance has published the First Quarter 2023 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the unaudited financial information of the FHLBanks. Each of the FHLBanks has filed its First Quarter 2023 Form 10-Q with the SEC.