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 2020 NIP 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 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.

• Program Information

  Affordable Housing Program Implementation Plan
  Income Calculation Guidelines: Attachment D of 2020 Implementation Plan
  NIP Guidelines: Attachment H of 2020 Implementation Plan
  NIP Fact Sheet
  HOP, NIP, and AMP Frequently Asked Questions

• Forms and Documents

  NIP Application
  Contractor Selection Confirmation
  Verification of Employment (FNMA 1005)
  Zero Income Affidavit
  NIP Rehabilitation Closing Statement (Excel)
  Standalone Income Calculation Workbook (Excel)
  Supplemental Income Calculation Worksheet (Excel)