Revive – Home Repair Grant

Our Neighborhood Impact Program is now called Revive!

Preserving homeownership through assistance for deferred maintenance repairs and accessibility upgrades

Funds available in the 2025 early round have been exhausted. The Second Chance Round will open Sept. 17, 2025. Second Chance is available to any member institution who received less than $100,000 during the early round of Revive. Participation is capped at $100,000 per member, inclusive of early round totals.

Separate registration is required. Information on how to register for the Second Chance Round will be posted here when available.

Revive – Home Repair Grant is an annual program that allows our member financial institutions to support existing homeowners with assistance for qualified deferred maintenance repairs and accessibility upgrades. Revive can help homeowners afford certain costly repairs and accessibility upgrades, allowing them to retain home value and age in place.

Webinar recordings and other training materials for the 2025 program round are available here.

Please note: FHLBank Indianapolis does not distribute grant funds directly to households. Homeowners who are interested in this program must contact and work with a participating member to access the Revive – Home Repair Grant.

Getting started with Revive

• How do FHLBank Indianapolis members access Revive funds?

  Member financial institutions must submit a Homeownership Initiatives Master Agreement and a Homeownership Initiatives Registration-Certification.  Annually funds are disbursed on a first-come, first-serve basis.

  Program materials for the 2025 round are now available! See Revive Resources below for more information.

• How do homeowners qualify for and access Revive funds?

  To qualify for Revive, you must:

  • Have total household income at or below 80% of Area Median Income (AMI) based on household size.
    • HUD Income Limits
  • Own your primary residence. (see guidelines for further detail)
  • Be paid as agreed on any existing mortgage or property tax obligation.

  To access Revive funds:

  • Homeowners must work through one of our participating FHLBank Indianapolis Member institutions. Complete program requirements are detailed in the resources below.

Revive resources

• Revive guidelines and application docs

  2025 Revive guidelines

  2025 updates bulletin

  2025 income guidelines

  2025 Revive application

  Revive contractor selection confirmation (CSC)

  Threshold requirements for submissions

• Income related documents and forms

  2025 Income guidelines

  How to find HUD income limits

  Certification of zero income

  Income documentation guide

  Household information income worksheet

  Income calculation workbook

  Verification of employment form - Fannie Mae version

• Revive informational materials

  Homeownership Initiatives FAQ for households

  Homeownership Initiatives FAQ for members

  Threshold requirements for submissions

  How to find HUD income limits

  Revive contractor selection tips

  Revive marketing flyer

• Revive post-closing documents

  Revive rehab completion statement

• Revive training and .GIVES resources

  FHLBI.GIVES user guide

  Revive application submission guide for FHLBI.GIVES

  General guidance for documenting and calculating income (video)

  Revive post-funding requirements and process guide

  FHLBI.GIVES adjustment requirements and process guide