As seen on public television

A firsthand look at how we implement our mission and support housing development, inspired by our recent feature on Empowered with Meg Ryan.

Community Investment Programs

FHLBank Indianapolis is proud to offer a variety of grant opportunities for affordable housing and economic development initiatives — and we've been doing it since 1990. In just the last 10 years, our Community Investment team has provided nearly $400 million in funding across our grant programs to support affordable housing and economic development initiatives throughout the district.

We have funded the construction of nearly 300 affordable housing projects, totaling more than 11,000 units. Through our Homeownership Initiatives, we've helped more than 2,500 households become first-time homeowners and funded modifications and repairs on over 5,000 homes. And our Elevate Small Business Grant has supported the growth and development of more than 100 local businesses across Indiana and Michigan.

Affordable Housing & Community Development

Affordable Housing ProgramProviding crucial gap funding that supports affordable housing development across Indiana and Michigan.

2026 allocation: Announced March 3
Awards announced: Nov. 20
Launch – Down Payment AssistanceLaunch provides qualified first-time homebuyers with down payment, closing and housing counseling cost assistance.

2026 allocation: Announced March 3
Status: Round opens April 14 Revive – Home Repair GrantRevive – Home Repair Grant helps qualified homeowners with deferred maintenance repairs and necessary accessibility upgrades.

2026 allocation: Announced March 3
Status: Round opens May 28 HomeBoost – Down Payment AssistanceHomeBoost Down Payment Assistance provides down payment assistance to first-generation homebuyers in Indiana and Michigan.

2026 allocation: Announced March 3
Status: Round opens July 8 Community Impact AdvanceCommunity Impact Advances are a cost-efficient way for FHLBank Indianapolis members to borrow long-term funds to support local economic development

Status: Available now Tribal Nations Housing DevelopmentProviding support and flexible funding opportunities that target the unique needs of the tribal nations in Michigan.

Status: Open now Heirs' PropertyOur initiatives in Indiana and Michigan support data-driven, holistic strategies to prevent and resolve heirs' property issues.

Detroit allocation: $500,000
Indiana allocation: $500,000 Disaster Relief ProgramThe Disaster Relief Program provides assistance to homeowners affected by natural disasters in Indiana and Michigan.

Status: Not currently open Elevate Small Business GrantsOur Elevate Small Business Grant provides grant funds for members to support small business development in their communities.

2026 allocation: Announced March 3
Awards announced: Oct. 22 CDFI Rate Buydown AdvanceThe CDFI Rate Buydown Advance supports the needs of non-depository CDFIs across our district.

Allocation: $5M
Status: Funds are exhausted Community Multiplier – Member Match ProgramMembers can multiply their community impact with matching grants for non-profits engaged in targeted affordable housing initiatives.

2026 allocation: Announced March 3
Awards: Sept. 22 Community Catalyst Training ProgramOur Community Catalyst trainings provide the expertise and support members need to get started with affordable housing & community development.

Status: Hosted monthly
Community Spirit AwardThe Community Spirit Award honors an outstanding individual at one of our member institutions in Indiana and Michigan.

Presented annually at our summer symposiums.

News

Community Investments FHLBank Indianapolis announces forthcoming Indiana heirs' property program FHLBank Indianapolis is proud to announce its newest program: the Indiana Heirs' Property Initiative, which focuses on education, prevention and resolution for impacted heirs' properties.

Community Investments FHLBank Indianapolis seeking nominations for open position on Affordable Housing Advisory Council Today, the Federal Home Loan Bank of Indianapolis announced it is seeking nominations to serve on its Affordable Housing Advisory Council, which is tasked with providing guidance on housing initiatives and housing needs across FHLBank Indianapolis' district of Indiana and Michigan.

Community Investments FHLBank Indianapolis announces $34.1 million in Affordable Housing Program grants in 2025 FHLBank Indianapolis is proud to announce $34.1 million in Affordable Housing Program grants that will help fund 43 affordable housing developments.

Community Investments FHLBank Indianapolis opens Disaster Relief Program for Indiana residents On Oct. 15, 2025, FHLBank Indianapolis opened its Disaster Relief Program to residents of more than 40 Indiana counties impacted by severe storms and flooding earlier this year. The Disaster Relief Program can assist with weather-related home repair and rehabilitation following a declared disaster.

See all articles regarding news about FHLBank Indianapolis.