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GRANT PROGRAMS
FEDERAL
HOME LOAN BANK OF INDIANAPOLIS
Since 1991, the Federal Home Loan Bank through its 12 regional banks has provided grants and other financial resource totaling more than $100,000,000 to Habitat affiliates throughout the country. Here in Indiana we have developed a very good working relationship with the Federal Home Loan Bank of Indianapolis, which covers Indiana and Michigan.
Affordable Housing Program (AHP)
The Affordable Housing Program (AHP) has developed into one of the most flexible funding sources available for housing projects. The goal of the AHP is to provide housing opportunities for families whose incomes are 80% or less of the area median. Since 1990 the FHLBI has awarded more than $139 million for single- and multi-family housing initiatives, with 10% of net earnings allocated for the program each year. The program can fund the acquisition, construction, or rehabilitation of properties for use as affordable housing.
Sponsors and interested parties are encouraged to contact one of our members with project ideas. To find out more information about the FHLB Affordable Housing Program please visit www.fhlbi.com/housing/ahprog.asp |
