APPLYING FOR AFFORDABLE HOUSING PROGRAM (AHP) GRANTS

FHLBank Indianapolis members are encouraged to apply for competitive Affordable Housing Program (AHP) subsidy funds to support affordable housing programs and projects in their community. Member financial institutions typically partner with project sponsors (community-based not-for-profit organizations, public entities, for-profit developers, etc.) to apply for AHP funds.

HOW TO PARTICIPATE

Each year, FHLBank Indianapolis holds a single AHP competitive application round to distribute all of the available funds for the year.

Applications are typically distributed early in the year. Application training webinars are held and other technical assistance is offered prior to the application deadline to explain the scoring criteria and application requirements.

Sponsors seeking an FHLBank Indianapolis member should present their project concept to the member at least six months prior to the application deadline to allow for the member to review the project.

Find the required forms and helpful planning tools at the bottom of this page.

ROLES AND RESPONSIBILITIES CHECKLIST

Scroll down for a high level overview of key roles and responsibilities for sponsors and members during the application phase of the AHP grant cycle. Please make sure your organization is fulfilling its obligations for each step of the process.

For more information on the specific roles,please review the Affordable Housing Program Implementation Plan in the sidebar.

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A pre-application submission is required of all applicants in order to receive the AHP application.

SPONSOR

  • Review Affordable Housing Program Implementation Plan (I-Plan) and application materials.

  • Identify member partners.

  • Attend training and contact staff for technical assistance.

 

MEMBER

  • Review I-Plan and application materials.

  • Attend trainings and contact staff for technical assistance.

  • Review project, verify capacity of sponsor and communicate expectations.

  • Discuss opportunities for the member’s financial participation in the project.
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SPONSOR

  • Complete an application file for your project.

  • Submit the pre-application and final complete application to FHLBank Indianapolis by the due date and time.

MEMBER

  • Identify the authorized AHP contact and signer from FHLBank Indianapolis.

  • Complete Section 11 of the application regarding monitoring.

  • Review and approve the application.

  • Obtain signature of the authorized signer.

  • Discuss method of delivery to FHLBank Indianapolis.
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SPONSOR

  • Submit additional documentation to clarify eligibility or feasibility of project, and respond to requests for additional information by the established deadlines.

  • Include the member financial institution in all correspondence regarding the project.

MEMBER

  • Respond to requests from FHLBank Indianapolis for additional information by the established deadlines.

  • Underwrite project.