Competitive Affordable Housing Program (AHP) Grants

Each year, FHLBank Indianapolis members – banks, credit unions, and insurers throughout Indiana and Michigan – partner with local non-profits, economic development groups, or developers to compete for grants to help fund the acquisition, construction, or rehabilitation of properties for use as affordable rental or ownership.

Funds are made available through our annual competitive AHP application process which provides grant money (up to $500,000) for low-income owner-occupied or rental housing projects. ​These awards support a multitude of affordable housing solutions for veterans, people with disabilities, or young adults transitioning out of the foster care system, and many others. 

2017 Grants

Ribbon cutting at an Affordable Housing Program project in Columbus, INTwenty-five projects received AHP grant awards in 2017. Total funds awarded for this round was $9,589,680. Eighty-three percent of awarded projects will use green building elements in their design and 92 percent will align their location with overall area development strategies to promote walkability and eliminate barriers created by transportation needs.

View the 2017 grant recipients and a description of their projects. If you are interested in seeing detailed statistics for the scoring of this year's round of applications, choose an option below. 

2017 Statistics: Awarded Projects 
2017 Statistics: All Scored Applications

Visit our AHP Competitive Grant Overview page for more information or to learn more about how members are leveraging the program to make a difference in their communities.

Sponsors and Others interested in AHP Grants

Sponsors and other parties who are interested in learning more about AHP grants and potentially partnering with one of our members are encouraged to contact the ​FHLBank Indianapolis Community Investment Department or one of our members with affordable housing initiatives. If you do not find a member organization, please contact our Community Investment Department at 800-688-6697 or for more information. 

Member and Sponsor Resources

Competitive Grant Applications

2017 Rental Application (Excel)
2017 Supportive Services Rental Application (Excel)
2017 Homeowner Application (Excel)
2017 Memorandum of Understanding (all project types) (Excel)

AHP Application Tools

2018 Affordable Housing Program (AHP) Implementation Plan
AHP Training Guide
2017 NOI Form
Register Here for ​Training Opportunities and Events
Technical Assistance on Demand (TAD) Request Form
AHP Application Tips

2017 Quick Smart Score Homeownership (Excel)
2017 Quick Smart Score Rental (Excel)
HUD Affirmative Marketing Plan (Multi-family)
HUD Affirmative Marketing Plan (Single-family)

AMI Lookup - Competitive AHP

Select the State, County, and MSA to view the AMI percentage income limits.

The AMI Calculator is for reference. All grants are awarded according to the Implementation Plan.