Affordable Housing Program

Our Affordable Housing Program (AHP) grants provide crucial gap funding that helps our member financial institutions and project sponsors finance the development of affordable housing throughout Indiana and Michigan. Together, our partnerships strengthen communities and support low- to moderate-income households with affordable housing development for renters and homebuyers alike.

The Affordable Housing Program consists of one annual competitive round. This program supports the creation, rehabilitation and development of owner-occupied and rental housing affordable to very low-, low- and moderate-income households across Indiana and Michigan.

2026 Round

Trainings:

April 23 Application process
May 5 Threshold criteria
May 7 Scoring criteria

Key deadlines:

May 4 Applications available in .GIVES
June 4 Notice of Intent due
June 25 Applications due
Nov. 20 Awards announced

Please review the program kickoff webinar for additional information on the upcoming round, including funding amounts, requirements and deadlines. The webinar is available now on the main Community Programs page.

AHP resources

AHP training library

2025 Award administration
This training provides a high-level overview of everything you need to know to administer your 2025 AHP award, from award timelines and disbursement requests to monitoring review, long-term reporting requirements and more. View the slide deck here.
2026 Application training
This training reviews the application submission process, including how to gain access to FHLBI.GIVES, available application resources, finding a member institution to support your application and how to complete and submit once you do. Review the slide deck here.
2026 Threshold criteria
This training covers threshold criteria for the 2026 AHP funding round, including: eligible uses and costs, sponsor capacity, market demand requirements, cost reasonableness, operational feasibility, application completeness and more.
2026 Scoring criteria
Community Investment staff review scoring criteria for the 2026 Affordable Housing Program funding round. This training covers scoring categories, available points, required supporting documentation, staff evaluations, common mistakes and more.