AFFORDABLE HOUSING PROGRAM (AHP)
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.
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 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