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FHLBank Indianapolis

Achievements in Affordable Housing

FHLBank Indianapolis has been a critical partner in housing since the advent of our Affordable Housing Program. In the past 20 years alone, we've helped fund the creation, rehabilitation or renovation of more than 500 affordable housing projects, creating or maintaining more than 17,000 affordable units for low- to moderate-income households across our district and beyond.

These projects range from large, mixed-use urban developments in newly revitalized neighborhoods to senior living in rural communities and everywhere in between. Check out some of our recent success stories below.

Dearborn Villages: — Dearborn Villages: "A big benefit for the entire community"
See how an Affordable Housing Program grant that helped a senior living community afford necessary renovations and upgrades to their facility impacted residents and the town.

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Walter French: "Celebrating a new chapter for a historic school"

A Lansing-area housing provider focused on neighborhood revitalization acquires an historic building to convert into affordable housing. Read how our Affordable Housing Program helped this mission-driven non-profit rescue a piece of their community's history and eliminate blight with dynamic and responsive housing opportunities.

CASS Housing: — CASS Housing: "Creating change in people's lives"
Watch what happens when a privately funded housing provider for adults with intellectual and developmental disabilities receives an AHP grant to develop housing units tailored to the specific needs of their residents.

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AHP: — AHP: "Making Michigan housing affordable"
Our Affordable Housing Program provides critical gap funding to promote housing development throughout Michigan, Indiana and beyond. See here how we're making a difference creating new opportunities for housing development in Detroit and across Michigan.

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News

FHLBank Indianapolis launches Community Multiplier grant program for affordable housing

Community Investments FHLBank Indianapolis launches Community Multiplier grant program for affordable housing FHLBank Indianapolis has launched its newest affordable housing initiative, the Community Multiplier – Member Match program, a grant program that allows member financial institutions to maximize their community impact providing matching grant funds to non-profits working on affordable housing.

FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers

Member Announcements FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers In response to heavy member demand, the Board of Directors of FHLBank Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total allocation to $6.7 million to make homeownership more affordable to hundreds of low-income residents in Indiana and Michigan.

FHLBank Indianapolis announces record in Affordable Housing Program grants

Community Investments FHLBank Indianapolis announces record in Affordable Housing Program grants FHLBank Indianapolis is proud to announce more than $34.6 million in Affordable Housing Program grants to 42 projects across Michigan and Indiana in 2024 — a record amount of funding for our AHP program.

FHLBank Indianapolis, MSHDA announce mortgage program for low-income, first-time homebuyers

Member Announcements FHLBank Indianapolis, MSHDA announce mortgage program for low-income, first-time homebuyers In an effort to make homeownership more accessible and affordable in Michigan, the Federal Home Loan Bank of Indianapolis and the Michigan State Housing Development Authority (MSHDA) have created the MSHDA Rate Relief Mortgage Program to benefit low-income, first-time homebuyers in the state.

See all articles regarding news about FHLBank Indianapolis.