Community Multiplier – Member Match Program

Community Multiplier is a flexible grant program designed to help member financial institutions support local community needs outside of the programs and products already offered by the Bank.

Community Multiplier provides matching grants that member financial institutions may use to support non-profit organizations working on affordable housing initiatives in the priority areas defined below. The member financial institution will commit a minimum 10% match to FHLBank Indianapolis funds.

2026 Round

Key dates:

• Materials available June 3
• Notice of Intent due Aug. 4
• Applications due Sept. 1
• Awards announced Sept. 22

The program kickoff webinar on March 3 will provide additional information on the upcoming round, including funding amounts, requirements and deadlines. This live webinar will be recorded and posted online.

Community Multiplier – Member Match recipients

We're thrilled to share the news about our Community Multiplier grants! In 2025, our member financial institutions presented more than $5.6 million in matched grant funds to housing-focused non-profit organizations across Indiana and Michigan. Click below for a list of Community Multiplier recipients by state.

Indiana Recipients        Michigan Recipients

Getting started with Community Multiplier

• Priority areas

  Community Multiplier matching grants support nonprofit organizations based in Indiana or Michigan who are mission-aligned to provide or support new construction or preservation of affordable housing and who are working on initiatives within one or more of the below Priority Areas. More details about Priority Areas will be posted June 3, 2026.

  Priority Areas

  • Emerging affordable housing developers
  • Housing stability and supportive services
  • Housing counseling and education
  • Organizational capacity for rural affordable housing delivery
  • Community land trusts and shared equity models
  • Heirs' property and title resolution
• Community Multiplier resources

  2026 Program Overview Coming Soon!