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Community Programs

FHLBank Indianapolis is proud to offer a variety of grant opportunities for affordable housing and economic development initiatives—and we've been doing it since 1990! In just the last 10 years, our Community Investment team has provided nearly $400 million in funding across our grant programs to support affordable housing and economic development initiatives throughout the district.

We've funded the construction of nearly 300 affordable housing projects, totaling more than 11,000 units. Through our homeownership programs, we've helped more than 2,500 households become first-time homeowners and funded modifications and repairs on over 5,000 homes. And our Elevate Small Business Grant has supported the growth and development of more than 100 local businesses across Indiana and Michigan.

We are proud to announce our 2024 Affordable Housing Program Awards! Read the full list of awarded projects here.

The 2024 recipients of our Elevate Small Business Grant have been announced! More information here.

Disaster Relief Program

The Disaster Relief Program assists homeowners affected by natural disasters in Indiana and Michigan by providing funds for qualified repairs not otherwise covered by insurance or state and federal relief. 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.

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Community Empowerment

Through our members, the Bank recognizes the need to not just partner with but also champion local leaders and the impact they have on their communities. That's why the Bank created two programs that seek to empower community leaders by strengthening and leveraging local knowledge and resources and by celebrating the difference these individuals make every day in their communities.

Community Catalyst Training Program

The Community Catalyst Training program is a two-part virtual training series that allows member institutions to learn from their peers across Indiana and Michigan on key strategies for successful participation in FHLBank Indianapolis' grant programs to increase affordable housing opportunities in their communities.

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Catalyst

Community Spirit Award

The Community Spirit Award recognizes an outstanding individual with a demonstrated commitment to improving their community. Community Spirit Award winners are strong advocates for affordable housing and economic development who work to foster diverse, equitable and inclusive communities. Alongside the recognition, FHLBank Indianapolis will make a donation in the recipient's honor to a nonprofit organization or charity of their choice.

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Award

News

FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers Member Announcements FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers In response to heavy member demand, the Board of Directors of FHLBank Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total allocation to $6.7 million to make homeownership more affordable to hundreds of low-income residents in Indiana and Michigan. FHLBank Indianapolis announces record in Affordable Housing Program grants Community Investments FHLBank Indianapolis announces record in Affordable Housing Program grants FHLBank Indianapolis is proud to announce more than $34.6 million in Affordable Housing Program grants to 42 projects across Michigan and Indiana in 2024 — a record amount of funding for our AHP program. FHLBank Indianapolis, MSHDA announce mortgage program for low-income, first-time homebuyers Member Announcements FHLBank Indianapolis, MSHDA announce mortgage program for low-income, first-time homebuyers In an effort to make homeownership more accessible and affordable in Michigan, the Federal Home Loan Bank of Indianapolis and the Michigan State Housing Development Authority (MSHDA) have created the MSHDA Rate Relief Mortgage Program to benefit low-income, first-time homebuyers in the state. Affordable Housing Program bridges funding gap for historic Lansing school Community Investments Affordable Housing Program bridges funding gap for historic Lansing school Historic Walter French Junior High School in Lansing, Mich., gets a boost from an FHLBank Indianapolis Affordable Housing Program grant.

See all articles regarding news about FHLBank Indianapolis.

Our Vision and Values

The Federal Home Loan Bank of Indianapolis Vision is to be an agile and adaptive member- and community-focused bank.

Members First

Our members are the focus of everything we do, and we are fully invested in their success.

Community Driven

We strive to positively impact the communities our Indiana and Michigan members serve.

Trust and Integrity

Our employees are the backbone of our Bank. We entrust them with our members' success, so we seek to hire people with integrity to live our mission and to pursue our Bank's shared vision.

Service Excellence

Our customer service is unparalleled. We make every effort to exceed our members' expectations.

Specialized Solutions

Our experts are committed to partnering with our members to develop customized solutions that meet their unique business needs.

How We Serve

Each year, FHLBank Indianapolis employees get involved in various Michigan and Indiana volunteer opportunities.

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Diversity, Equity and Inclusion

The FHLBank of Indianapolis is committed to diversity, equity and inclusion at all levels of the Bank, from the employees we hire and promote, to the programs, institutions and businesses we support.

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HEADQUARTERS: 8250 Woodfield Crossing Blvd., Indianapolis, Indiana 46240

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