The NIP grant assists qualified homeowners with needed home repairs.

The Neighborhood Impact Program (NIP) is a grant to assist qualified homeowners with deferred maintenance repairs.

Funds can only be accessed by participating FHLBank Indianapolis member financial institutions.

For homeowners

Are you a homeowner looking for assistance in using NIP? Homeowners must apply through one of our participating member institutions. Find a participating FHLBank Indianapolis member by clinking this link:

Participating Members List

Getting Started with NIP

• How do FHLBank Indianapolis Members access NIP 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 2024 NIP Guidelines for more details.

  2024 Homeownership Initiatives Master Agreement and Registration 

  FHLBI.GIVES User Registration Form (FHLBI Members Only)

• How do homeowners qualify for and access NIP funds?

  To qualify for NIP, you must:

  • Have total household income at or below 80% of Area Median Income.
    • HUD Income Limits (HUD to update for 2024 on or around May 15^th)
  • Own a single-family home, condominium or modular unit (duplexes with certain restrictions).
  • Be paid as agreed on any existing mortgage or property tax obligation.

  To access NIP funds:

  • Homeowners must work through one of our participating FHLBank Indianapolis Member institutions.