FHLBank Indianapolis Awards $11.2M for 24 Affordable Housing Developments

11.20.20

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) recently awarded $11.2 million in Affordable Housing Program (AHP) grants to support the acquisition, construction, or rehabilitation of properties for use as affordable homes. FHLBank Indianapolis awarded AHP grants of up to $500,000 to 24 affordable housing developments in Indiana and Michigan.

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In One Moment: FHLBank Indianapolis Partners with United Way of Central Indiana to Discuss Poverty in Central Indiana

9.10.20

In August, FHLBank Indianapolis partnered with United Way of Central Indiana to present a powerful, experiential opportunity for our employees through an interactive poverty simulation, discussion about gaps in social services, and ways that employees can help.

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Bulletin 2012: FHLBank Indianapolis Homeownership Initiatives Funds Exhausted: HOP/NIP/AMP

7.30.20

Funding for the 2020 Homeownership Initiatives Programs (HOP, NIP, and AMP) has been exhausted as of July 23, 2020.

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Bulletin 2011: Announcing the Opening of the Community Mentors Program

7.21.20

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is pleased to announce the opening of a new program offering: the Community Mentors Program. The Community Mentors Program is a community engagement and economic development leadership program, which includes a full-day workshop and accompanying implementation grant.

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FHLBank Indianapolis Awards More Than $500,000 in Small Business Grants

7.15.20

FHLBank Indianapolis recently announced that 21 Indiana and Michigan businesses were awarded the bank’s Elevate Small Business Grant. Now in its third year, Elevate was developed to strengthen our communities and encourage Indiana and Michigan small businesses to further develop their relationship with an FHLBank Indianapolis member financial institution.

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Bulletin 2010: Activation of Disaster Relief Program

6.26.20

On June 25, 2020, the FHLBank Indianapolis Board of Directors activated the Disaster Relief Program (“DRP”) with an allocation of $150,000 for DRP requests to aid homeowners affected by the significant flooding within the FHLBank Indianapolis district. Eligible homeowners may request up to $10,000 in DRP grant funds to make qualified repairs to their primary residence.

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Introducing Community Investment Outreach Partner - Anna Shires

6.25.20

We'd like to highlight and introduce one of our newest community investment staff members, Anna Shires, Detroit Community Investment Outreach Partner. Anna started at the bank in April, and we got the chance to to talk to her about her role as the Outreach Partner serving the Detroit area.

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FHLBank Indianapolis Celebrates a Virtual Ribbon Cutting with South Central Indiana Housing Partners

5.13.20

Switchyard Apartments was the recipient of a $500,000 Affordable Housing Program (AHP) grant in 2017 through FHLBank Indianapolis member MutualBank and in partnership with South Central Indiana Housing Opportunities, a nonprofit organization dedicated to expanding housing opportunities.

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2020 Affordable Housing Program Application Update

5.01.20

We are pleased to announce that the final applications for the 2020 AHP funding round are now available on the Applying for AHP page. They can be found on the right-hand side of the webpage under "AHP Tools - Applying for AHP." Be sure to download the appropriate application based on your project type - Rental or Homeowner.

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Bulletin 2008: Homeownership Initiatives Funding Release: HOP/NIP/AMP

4.20.20

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is pleased to announce funding availability for the Homeownership Initiatives programs, including the Homeownership Opportunities Program (HOP), the Neighborhood Impact Program (NIP), and the Accessibility Modifications Program (AMP). FHLBank Indianapolis will begin accepting disbursement requests through our new online portal, FHLBI.GIVES, on Tuesday, May 5, 2020.

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Bulletin 2007: FHLBank Indianapolis Opens 2020 Elevate Small Business Grant Program Funding Round

4.06.20

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Bulletin 2006: FHLBank Indianapolis Seeks Nominations for Affordable Housing Advisory Council and Publishes Annual Report

4.06.20

Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is now accepting nominations for vacancies on the bank’s Affordable Housing Advisory Council (AHAC). To make a nomination, complete and return the nomination form. To be considered for seats on the Council that are expiring at the end of 2020, nominations must be received by September 30, 2020.

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Bulletin 2005: 2020 Community Investment Program Updates

3.23.20

We have included information in this bulletin regarding each of our programs and links to several documents that would have been provided at the workshops.

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Bulletin 2004: Affordable Housing Program (AHP) 2020 Funding Round Opens

3.13.20

The Federal Home Loan Bank of Indianapolis (FHLBI) announces the opening of the 2020 Affordable Housing Program (AHP) competition with approximately $11.2 million available.

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Bulletin 2003: 2020 Community Investment Workshops Cancelled

3.09.20

Out of an abundance of caution, FHLBank Indianapolis is limiting all non-essential in-person meetings through the end of March, and we will be cancelling this year’s 2020 Community Investment Workshops.

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Bulletin 2002: Affordable Housing Program Implementation Plan

2.13.20

During the January board meeting, the FHLBank Indianapolis Board of Directors approved the 2020 Affordable Housing Program (AHP) Implementation Plan, which is now posted on our website. Changes were made to the Competitive Affordable Housing Program (AHP), AHP Scoring, Homeownership Opportunities Program, Neighborhood Impact Program, and Accessibility Modification Program. Changes made to the programs are described below.

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Community Spirit Award Nominations Open

1.15.20

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) has opened the nomination process for its annual Community Spirit Award (CSA). The award honors individuals in Michigan and Indiana who demonstrate outstanding dedication to affordable housing and community economic development in the communities they serve.

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2020 Targeted Community Lending Plan Approved

12.03.19

On November 15, 2019, the Board of Directors for the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) approved the 2020 Targeted Community Lending Plan. The plan includes information regarding market research about the district, descriptions of how FHLBank Indianapolis will meet the identified credit needs and market opportunities, stakeholder engagement requirements, identified affordable housing needs within the district, and performance goals for 2020.

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FHLBank Indianapolis Announces Results of 2019 Affordable Housing Advisory Council Elections

11.27.19

The Affordable Housing Advisory Council (AHAC) of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announces the election of Tony Lentych as Chair and George Guy as Vice Chair effective January 1, 2020. Lentych is Executive Director of the Traverse City Housing Commission in Traverse City, MI, and Guy is the CEO and Executive Director of the Fort Wayne Housing Authority. The FHLBank Indianapolis Board of Directors also elected Connie Bohatch, Managing Director of Community Services at the City of Grand Rapids, to the AHAC.

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FHLBank Indianapolis Awards $14.9M for 35 Affordable Housing Developments

11.19.19

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) recently awarded $14.9 million in Affordable Housing Program (AHP) grants to support the acquisition, construction, or rehabilitation of properties for use as affordable homes. During 2019, FHLBank Indianapolis considered 58 applications. FHLBank Indianapolis awarded AHP grants of up to $500,000 each to 35 affordable housing developments.

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Home / Products & Services / Communities and Housing / Latest Updates

Communities & Housing

Bulletins, Publications & Presentations

Bulletin 2012: Homeownership Initiatives Funds Exhausted
Bulletin 2011: Announcing the Community Mentors Program
Bulletin 2010: Activation of Disaster Relief Program
Bulletin 2009: AHP Technical Review Notice
Bulletin 2008: Homeownership Initiatives Funding Release: HOP/NIP/AMP
Bulletin 2007: Elevate Small Business Grant Program Funding Round Opens
Bulletin 2006: Nominations for 2020 AHAC are now Open
Bulletin 2005: 2020 Community Investment Program Updates
Bulletin 2004: 2020 Affordable Housing Program Opens
Bulletin 2003: 2020 Community Investment Workshops Cancelled
Bulletin 2002: 2020 Implementation Plan
Bulletin 2001: Community Spirit Award Nominations Open
Bulletin 1909: 2020 Targeted Community Lending Plan Approved
Bulletin 1908: FHLBank Indianapolis Announces AHAC Election Results
Bulletin 1907: Homeownership Initiatives Funds Exhausted
Bulletin 1906: Reminder Regarding AHAC Nominations
2019 Community Investment Workshop Powerpoint: Review of the program changes and updates for Community Investment programs

2018 Affordable Housing Advisory Council Annual Report