News

Affordable Housing Community Investments FHLBank Indianapolis launches Community Multiplier grant program for affordable housing FHLBank Indianapolis has launched its newest affordable housing initiative, the Community Multiplier – Member Match program, a grant program that allows member financial institutions to maximize their community impact providing matching grant funds to non-profits working on affordable housing. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance publishes annual CFR for 2024 The Office of Finance has published the 2024 Combined Financial Report (CFR) of the Federal Home Loan Banks. This report has been prepared from the unaudited financial information of all FHLBanks. Each FHLBank — including FHLBank Indianapolis — has filed its Q4 2024 Form 10-Q with the SEC. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces fourth quarter 2024 dividends, reports earnings On Feb. 20, 2025, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis, LISC Detroit announce new Detroit heirs' property initiative FHLBank Indianapolis and LISC Detroit have announced the Detroit Heirs' Property Program: A Community-Driven Approach, a new program designed to help resolve and prevent ongoing heirs' property issues in the city of Detroit. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis releases heirs' property report for 2 major Indiana counties A new report by FHLBank Indianapolis and Black Onyx Management found more than 1,800 heirs' properties — land or property passed down among family members without a formal will or estate plan after the owner's death — valued at more than $258 million in two of Indiana's most populated counties. Affordable Housing 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. Affordable Housing 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. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance files Q3 2024 CFR for FHLBanks The Office of Finance has published the Third Quarter 2024 Combined Financial Report of the Federal Home Loan Banks. This report has been prepared from the unaudited financial information of the FHLBanks. Each FHLBank — including FHLBank Indianapolis — has filed its Q3 2024 Form 10-Q with the SEC. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Dirt Wain, LLC of Fort Wayne, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Dirt Wain, LLC. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis announces 2024 Board of Directors election results FHLBank Indianapolis today announced the results of the election of two Indiana Member Directors and three Independent Directors to its Board of Directors. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis declares third quarter 2024 dividends, reports earnings On Oct. 29, 2024, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. Affordable Housing 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.