News

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. Affordable Housing 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. Affordable Housing Public Announcements FHLBank Indianapolis announces $800,000 in pre-development grants for Tribal Nations Housing Development Assistance Program FHLBank Indianapolis has announced that $800,000 in pre-development affordable housing grants is now available to the 12 federally recognized tribal nations located in Michigan through the Tribal Nations Housing Development Assistance Program (TNHDAP). Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis adds $3 million to popular new home loan program with below-market rates The new MPP Rate Advantage Program incentivizes Bank members to fund mortgage loans to low-income borrowers by offering below-market note rates. Launched with $1 million on Aug. 15, 2024, the initial 100 loans were locked in under six weeks, In September, $3 million was added to extend the program. Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Accutrak Consulting and Accounting Services of St. Clair Shores, Mich. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Today's installment: Accutrak Consulting and Accounting Services