REBUILDING COMMUNITIES AFTER DISASTER STRIKES

Through the Disaster Relief Program (DRP), FHLBank Indianapolis members can assist homeowners in need affected by natural disasters within Indiana and Michigan by providing funds for qualified repairs. DRP grants are only available after a declared disaster.

HOw do members use DRP?

All Homeownership Initiatives are available to FHLBank Indianapolis members who have completed the appropriate training found on our training and resources page. After completing training, you must submit a completed Retention Agreement form found below. Upon completion, you will receive information about how to apply for disbursements.

Once a member is approved, they can do the following:

FHLBank Indianapolis members can request pre-determined limits based on demonstrated need for homes damaged by a state- or federally-declared disaster or emergency.
Members may choose to work with their customers directly and/or through one or more community housing organizations.

For Homeowners

Are you a homeowner looking for assistance in utilizing DRP? Find a participating FHLBank Indianapolis member below.

Find a participating member

NOTE: In order to use DRP, you must work through a participating FHLBank Indianapolis member institution.

WHO QUALIFIES FOR DRP?

In order to use DRP funding, you must:

Reside in a county or municipality with a declared state or federal disaster/emergency status.
Have a total household income less than or equal to 80 percent of the area median income as published by the Department of Housing and Urban Development.
Use the funds for qualified repairs or purchase.

Disaster Relief Program (DRP)

HOW DO FHLBANK INDIANAPOLIS MEMBERS ACCESS DRP FUNDS?

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

See the 2020 DRP Guidelines for more details.

2020 Homeownership Initiatives Master Agreement (Word Doc)
2020 Homeownership Initiatives Registration-Certification (Word Doc)

FHLBI.GIVES User Registration Form (Word Doc)
FHLBI.GIVES Registration Guide
FHLBI.GIVES User Guide
HOW DO HOMEOWNERS QUALIFY FOR AND ACCESS DRP FUNDS?
To qualify for DRP funds, a homeowner must:
- Reside within the Michigan city of Midland or one of the five counties in Michigan with a declared disaster/emergency status. 2020 Disaster Relief Program Affected Counties.
- Have a total household income less than or equal to 80 percent of the area median income as published by the Department of Housing and Urban Development based on 2020 annual limits.
- Homeowners must work through one of our participating FHLBank Indianapolis Member institutions.
PROGRAM INFORMATION

Bulletin 2010: Activation of Disaster Relief Program
DRP Guidelines
Income Calculation Guidelines: Attachment D of 2020 Implementation Plan
FORMS AND DOCUMENTS

DRP Rehab Closing Statement
DRP Application
Contractor Selection Confirmation (Word Doc)
DRP Rehab Closing Statement
Standalone Income Worksheet (Excel)
Supplemental Income Calculation Worksheet (Excel)

2020 DISASTER RELIEF FUNDS STATUS

Funds for the Disaster Relief Program (DRP) are now available.

FUNDS REMAINING: $150,000.00

AMI Lookup - HOP/NIP/AMP

Select the State, County, MSA, and Household Size to view the AMI percentage income limits.

State

County

MSA

Household Size

80% AMI

The AMI Calculator is for reference. All grants are awarded according to the Implementation Plan.