Bulletin 2205: Affordable Housing Program (AHP) 2022 Funding Round Opens

5.05.22

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announces the opening of the 2022 Affordable Housing Program (AHP) competition with approximately $6.9 million available. The application will be completed and submitted in our new fully integrated online application and award system at www.fhlbi.gives. A notification of intent is required this year and is currently available on our website.

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2021 Affordable Housing Advisory Council Annual Report

4.22.22

FHLBank Indianapolis has published the 2021 Affordable Housing Advisory Council (AHAC) Annual Report on our website. The report provides an overview of the 2021 Affordable Housing Program, Homeownership Initiatives, and Community and Economic Development programs.

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Enterprise Pointe, Affordable Housing for Artists and Creatives in Angola, IN

4.12.22

In October 2021, Enterprise Pointe opened its doors as a new affordable housing development for artists and entrepreneurs in Angola, Indiana. Enterprise Pointe was the recipient of a 2019 Affordable Housing Program grant from FHLBank Indianapolis through Brightpoint and member Old National Bank.

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2022 Community Spirit Award Open for Nominations

4.07.22

FHLBank Indianapolis is now accepting nominations for an Indiana and Michigan recipient for our 2022 Community Spirit Award through July 1, 2022. The FHLBank Indianapolis Community Spirit Award recognizes an outstanding individual at one of our member financial institutions, making a difference in Indiana and Michigan.

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Bulletin 2203: FHLBank Indianapolis Seeks Nominations for Affordable Housing Advisory Council

3.10.22

Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is now accepting nominations for vacancies on the bank’s Affordable Housing Advisory Council (AHAC). There is currently one open position for a Michigan-based AHAC member. 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 2022, nominations must be received by July 31, 2021.

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2021 Elevate Recipient Mushroom House Tours Uses Grant to Expand Business

3.07.22

In 2021, FHLBank Indianapolis awarded more than $500,000 in Elevate small business grants to 27 Indiana and Michigan businesses, one of those being the Mushroom House Tours in Charlevoix, Michigan. With assistance from FHLBank Indianapolis member Charlevoix State Bank, the Elevate grant of $20,000 allowed Mushroom House Tours to grow their business.

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Registration is now open for the 2022 Community Investment Workshops

2.14.22

For more information about the community investment offerings that FHLBank Indianapolis is providing in 2022, please consider attending one of our 2022 Community Investment and Affordable Housing Workshops this March, which will be held online over Zoom.

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Bulletin 2202: Temporary Suspensions of Affordable Housing Program (AHP) Household Income Limits for Individuals Displaced by Colorado Wildfires

2.04.22

To accommodate individuals impacted by recent natural disasters, FHLBank Indianapolis is now permitted to temporarily allow vacant rental units assisted by the Affordable Housing Program to be temporarily leased to individuals/households, regardless of their income, who were displaced by the Colorado Wildfires and Straight-line Winds.

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Memorial Lofts provides 50 new affordable housing units through FHLBank Indianapolis AHP grant

2.03.22

In January 2022, Memorial Community Development Corp. (Memorial CDC) announced the completion of the affordable housing development, Memorial Lofts in Evansville, IN. Memorial Lofts is a 2019 recipient of an Affordable Housing Program grant of $500,000, which they received through the partnership of FHLBank Indianapolis member Old National Bank and Memorial CDC.

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Bulletin 2201: 2022 Affordable Housing Program Implementation Plan

2.02.22

During the January FHLBank Indianapolis Board of Directors meeting, the directors approved the 2022 Affordable Housing Program (AHP) Implementation Plan, which is now posted on our website. Changes were made to the Competitive Affordable Housing Program (AHP) application, minimum eligibility requirements, AHP Scoring, definitions, feasibility guidelines, and Homeownership Opportunities Program.

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Bulletin 2114: Temporary Suspensions of Affordable Housing Program (AHP) Household Income Limits

12.27.21

To accommodate individuals impacted by recent natural disasters, FHLBank Indianapolis is now permitted to temporarily allow vacant rental units assisted by the Affordable Housing Program to be temporarily leased to individuals/households, regardless of their income, who were displaced by select disasters.

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Lake County Community Mentors Workshop

12.17.21

In November, the Northwest Indiana Reinvestment Alliance (NWIRA) and Peoples Bank hosted a Community Mentors event in Lake County, Indiana. Two FHLBank Indianapolis members, Peoples Bank and First Merchants Bank, and local community leaders came together at the Center for Visual and Performing Arts in Munster, Indiana to discuss land banks, affordable housing, and minority small business support that can help the region.

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Don Cates of 3Rivers Federal Credit Union Receives 2021 Community Spirit Award from FHLBank Indianapolis

12.14.21

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) awarded Don Cates, President and CEO of 3Rivers Federal Credit Union, with the 2021 Community Spirit Award. The Community Spirit Award honors individuals that show an outstanding dedication to affordable housing and community economic development.

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Bulletin 2113: 2022 Targeted Community Lending Plan Approved and Affordable Housing Advisory Council Updates

12.10.21

On November 18, 2021, the Board of Directors for the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) approved the 2022 Targeted Community Lending Plan.

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Marcus Rankins of Metro Community Development Receives 2021 Community Spirit Award from FHLBank Indianapolis

12.07.21

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) awarded Marcus Rankins, Vice President of Asset Development at Metro Community Development, with the 2021 Community Spirit Award. The annual Community Spirit Award honors individuals who show an outstanding dedication to affordable housing and community economic development.

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FHLBank Indianapolis Awards $6.9M in Affordable Housing Grants

11.19.21

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announced today that $6.9 million in affordable housing grants will be awarded to 16 affordable housing developments in Indiana, Michigan, and Ohio through the 2021 Affordable Housing Program (AHP). These AHP grants of up to $500,000 will support the acquisition, construction, or rehabilitation of properties for use as affordable homes.

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Pathway to Recovery Renovates Historical Buildings with AHP

11.16.21

Last year, Pathway to Recovery received a $500,000 Affordable Housing Program (AHP) grant to assist with the costs for renovating two properties in Indianapolis, Indiana through FHLBank Indianapolis member Merchants Bank of Indiana.

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FHLBank Indianapolis Announces the Launch of Community Catalyst Training Series

11.02.21

Access to affordable housing and community development funding remains a significant need throughout Indiana and Michigan. Many FHLBank Indianapolis members have indicated that a lack of staff training is a barrier to using our programs. In response, we surveyed our member institutions and developed the Community Catalyst Training Series.

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Bulletin 2110: FHLBank Indianapolis Announces the Opening of the 2022 Community Mentors Program

9.16.21

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is pleased to announce the opening of the 2022 application round of 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 Elevate Small Business Grants

8.16.21

FHLBank Indianapolis recently announced that 27 Indiana and Michigan businesses were awarded the bank's Elevate Small Business Grant for a total of $519,550 in 2021. Now in its fourth year, Elevate was developed to strengthen our communities and encourage Indiana and Michigan small businesses to grow their relationship with an FHLBank Indianapolis member financial institution.

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Communities & Housing

Bulletins, Publications & Presentations

Bulletin 2205: 2022 AHP Round Opens
Bulletin 2204: 2022 Community Spirit Award Nominations are Open
Bulletin 2203: FHLBank Indianapolis Now Accepting Nominations for Affordable Housing Advisory Council
Bulletin 2202: Temporary Suspensions of AHP Household Income Limits for Individuals Displaced by Colorado Wildfires
Bulletin 2201: 2022 Affordable Housing Program Implementation Plan
Bulletin 2114: Temporary Suspensions of Affordable Housing Program (AHP) Household Income Limits
2022 Targeted Community Lending Plan
Bulletin 2113: 2022 Targeted Community Lending Plan and Affordable Housing Advisory Council Updates
Bulletin 2112: FHLBank Indianapolis Awards $6.9M in Affordable Housing Grants
Bulletin 2111: FHLBank Indianapolis Announces the Launch of Community Catalyst Training Series
Bulletin 2110: FHLBank Indianapolis Announces the Opening of the 2022 Community Mentors Program
Bulletin 2109: 2021 Community Spirit Award Open for Nominations
Bulletin 2108: 2021 AHAC Nomination Reminder
Bulletin 2107: Homeownership Initiatives Funds Exhausted
Bulletin 2106: Homeownership Initiatives Funding Release
Bulletin 2105: 2020 AHAC Annual Report
2020 AHAC Annual Report
Bulletin 2104: Affordable Housing Program (AHP) 2021 Funding Round Open