We strive to impact the communities our Indiana and Michigan members serve, and the Affordable Housing Program (AHP) is a key part of our community-driven focus.

Each year, FHLBank Indianapolis member financial institutions (members) partner with local not-for-profit housing providers, economic development partners, and housing developers (sponsors) to compete for AHP grants of up to $500,000. These grants help fund the acquisition, construction, or rehabilitation of properties for use as affordable rental or ownership. Since 1990, FHLBank Indianapolis has awarded more than $283 million to create or rehabilitate single- and multi-family housing in Indiana and Michigan.

Funds are awarded through an annual competitive application process. 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. 

For information on the AHP grant cycle, please see the resources linked below.

AHP Implementation Plan


Sponsors and other parties who are interested in learning more about AHP grants and potentially partnering with one of our members should contact the FHLBank Indianapolis Community Investment Department using the form below. 

Sponsors are also encouraged to reach out to  FHLBank Indianapolis members to partner with on affordable housing initiatives. 

Find a Member Partner

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AMI/Max Rent Lookup - Rental AHP

Select the State, County, MSA, and Household Size to view the AMI percentage income limits. Then select the number of bedrooms in a single rental housing unit for the maximum allowable tenant paid rent including utilities.

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