Through the Disaster Relief Program (DRP), FHLBank Indianapolis members can assist homeowners in need affected by natural disasters within Indiana and Michigan by providing funds for qualified repairs. DRP grants are only available after a declared disaster.
How do Members use DRP?
The Disaster Relief Program is available to FHLBank Indianapolis members who have submitted the required registration documents once the program has been opened in response to a disaster in the Bank's district of Indiana or Michigan.
Are you a homeowner looking for assistance in using DRP? You must work through a participating FHLBank Indianapolis member institution.
Who qualifies for DRP?
In order to use DRP funding, you must:
- Reside in a county or municipality with a declared state or federal disaster/emergency status.
- Have a total household income less than or equal to 80% of the area median income as published by the Department of Housing and Urban Development.
- Use the funds for qualified repairs or purchases.