Through the Disaster Relief Program, FHLBank Indianapolis members can assist homeowners affected by natural disasters in Indiana and Michigan by providing funds for qualified repairs. Disaster Relief Program grants are only available after a declared disaster.
The Disaster Relief Program will open Aug. 7, 2024 with $250,000 in available funds for residents of the following localities: Delaware, Jefferson, Randolph and Posey counties in Indiana, and Kalamazoo, St. Joseph, Branch and Cass counties in Michigan.
The program will run until December 31, 2024, or until funds are exhausted.
How do members use the Disaster Relief Program?
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.
How do homeowners access Disaster Relief Program funds?
Are you a homeowner looking for assistance through the Disaster Relief Program? You must work through a participating FHLBank Indianapolis member institution. Please see below for a list of current participating members (forthcoming).
Who qualifies for the Disaster Relief Program?
In order to use disaster relief funding, you must:
- Reside in a county or municipality with a declared state or federal disaster or emergency status. Currently, the list of affected areas includes:
- Delaware, Jefferson, Randolph and Posey counties in Indiana, and
- Kalamazoo, St. Joseph, Branch and Cass counties in Michigan.
- Have a total household income less than or equal to 100% of the area median income, as published by the Department of Housing and Urban Development.
- Use the funds for qualified repairs or purchases.
Getting Started with the Disaster Relief Program
How do FHLBank Indianapolis members access Disaster Relief Funds? Member financial institutions must submit the Disaster Relief Program Master Agreement found below. When a disaster has been declared and the Disaster Relief Program is open, funds are disbursed on a first-come, first-served basis until exhausted or until the stated program end date.
Disaster Relief Program Master Agreement
.GIVES Registration (forthcoming)
- How do homeowners qualify for and access Disaster Relief Program funds?
To qualify for Disaster Relief Program funds, households must:
- Live in an owner-occupied property located in a county listed above and damaged by the natural disaster (list forthcoming)
- Have a total household income at or below 100% of Area Median Income
- Obtain 2 bids from independent contractors for the repairs in question
To apply for funding:
- Households must work through a participating FHLBank Indianapolis member institution (list forthcoming)
Disaster Relief Program Resources