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