Award Overview

The AHP application process is competitive. An average of one in three applications is awarded due to the volume of funds requested. The AHP operates through a district-wide competition. Applications are evaluated on scoring criteria identified in the regulation using a 100 point system. 

The FHLBank Indianapolis Board of Directors approves applications in descending order starting with the highest scoring application until the total funding amount (except for any amount insufficient to fund the next highest scoring application) has been allocated. The Board will also approve at least the next four highest scoring applications as alternates, and, within one year of approval, may fund such alternates if any previously committed AHP subsidies become available. 

After you are awarded your AHP grant, you'll need to follow the steps below to ensure you promptly receive your award.
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Sponsor

  • Execute the agreement with authorized signers and submit to the member financial institution.

  • Review and sign the award schedule as outlined in the agreement and submit the signed document to the member.

  • Satisfy the funding conditions and contingency items as soon as possible.

Member

  • Execute the agreement with authorized signers and submit to FHLBank Indianapolis.

  • Review award conditions and help the sponsor meet the requirements.

  • Review reporting requirements.

  • Attend the Administering Your AHP Award training.
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Sponsor

  • Review disbursement policy.

  • Inform FHLBank Indianapolis and member of any material changes to the project.

  • Submit a signed disbursement request using the disbursement request checklist.

  • Obtain wet ink signatures.

  • Respond to FHLBank Indianapolis requests for additional information by deadline.

Member

  • Review and approve disbursement request.

  • Prepare the retention agreement and a mortgage.

  • Obtain wet ink signature for disbursement request.

  • Disburse funds to project upon approval.

  • Record the Retention Agreement (and mortgage if applicable) and forward a copy to FHLBank Indianapolis.
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Sponsor

  • Follow the monitoring policies and guidelines in I-Plan.

  • Inform FHLBank Indianapolis and member of any material changes to the project.

  • Complete the semi-annual progress report and send to the member by email by December 1 and June 1.

  • Respond to FHLBank Indianapolis inquiries regarding status of project.

Member

  • Understand monitoring policies and guidelines in I-Plan.

  • Review, approve, and submit semi-annual progress report.