Through the Neighborhood Impact Program (NIP), FHLBank Indianapolis members can assist homeowners with repairs including new windows, furnaces, roofs, siding and other deferred maintenance types of repairs with NIP grants of up to $7,500. NIP assists existing homeowners with incomes at or below 80% of area median income rehabilitate their homes. FHLBank Indianapolis members may work with eligible homeowners directly or through one or more community housing organizations. NIP is a good way to help preserve property values in local communities.
2019 Homeownership Initiatives Master Agreement (Word Doc)
2019 Homeownership Initiatives Registration-Certification (Word Doc)
Affordable Housing Program Implementation Plan
NIP Fact Sheet
Income Calculation Guidelines: Attachment D of 2019 Implementation Plan
HOP, NIP, and AMP Frequently Asked Questions
Contractor Selection Confirmation
Verification of Employment (FNMA 1005)
Zero Income Affidavit
Return of Funds Worksheet
Fund Manager (Excel)
NIP Rehabilitation Closing Statement (Excel)
Standalone Income Calculation Workbook (Excel)
Supplemental Income Calculation Worksheet (Excel)
Funds for the 2019 round of the Homeownership Initiatives (HOP/NIP/AMP) have been exhausted.
Select the State, County, MSA, and Household Size to view the AMI percentage income limits.
Choose a County
Choose an MSA
Choose a Household Size
The AMI Calculator is for reference. All grants are awarded according to the Implementation Plan.