Neighborhood Impact Program (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 2021 NIP Guidelines for more details.
  
  2021 Homeownership Initiatives Master Agreement
  2021 Homeownership Initiatives Registration-Certification
  
  FHLBI.GIVES User Registration Form (Word Doc)
  FHLBI.GIVES Registration Guide
  FHLBI.GIVES User Guide

• HOW DO HOMEOWNERS QUALIFY FOR AND ACCESS NIP FUNDS?

  To qualify for NIP, you must:
  

  • Be at or below 80% Area Median Income.
  • Have owned and occupied the home at least six months prior to enrollment.
  • Own a single-family home, condominium or modular unit (duplexes with certain restrictions).
  • Be current and paid as agreed to any existing mortgage obligation

  To access NIP funds:

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

  See Program Materials for Homeowners in the Forms and Documents section below.

• Program Information

  NIP Guidelines: Attachment H of 2021 Implementation Plan
  Income Calculation Guidelines: Attachment D of 2021 Implementation Plan
  Affordable Housing Program Implementation Plan

• Forms and Documents

  Program Materials for Homeowners
  

  NIP Informational Flyer
  NIP Application
  Contractor Selection Confirmation
  Household FAQ

  Materials for FHLBI Member Institution
  Application Documents
  

  NIP Application
  Household Income Information Worksheet
  Verification of Employment (FNMA 1005)
  Zero Income Affidavit
  Contractor Selection Confirmation
  Standalone Income Calculation Workbook (Excel)
  Supplemental Income Calculation Worksheet (Excel)
  Member FAQ

  Post-Closing Documents
  

  NIP Rehabilitation Closing Statement (Excel)
  Adjustment Verification Form