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 award and schedule to agreement with authorized signers and submit to the member financial institution.

  • Address the funding conditions and contingencies by the deadlines specified.

  • Attend the Administering Your AHP Award training.

Member

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

  • Assist the sponsor in meeting the funding conditions and contingency items by the deadlines specified.

  • 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.

  • Prepare the retention agreement for member review.

  • Submit complete disbursement request through FHLBI.GIVES.

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

Member

  • Review disbursement policy.

  • Inform FHLBank Indianapolis of any material changes to the project not already disclosed by the sponsor.

  • Review, approve, and record retention agreement.

  • Review and approve disbursement request through FHLBI.GIVES.

  • Assist sponsor in responding to FHLBank Indianapolis requests for additional information by given deadline.
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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 through FHLBI.GIVES by June 30 and December 30.

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

Member

  • Review and approve the semi-annual progress report in FHLBI.GIVES by June 30 and December 30.

  • Assist sponsor in responding to FHLBank Indianapolis requests for additional information by the given deadline.