Disaster Relief Program

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.

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.

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.
• 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 Disaster Relief

• How do FHLBank Indianapolis members access Disaster Relief Funds?

  Member financial institutions must submit the Disaster Relief Program Master Agreement, posted below when the program is available.

  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.

• 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;
  • Have a total household income at or below 100% of Area Median Income; and
  • Obtain two bids from independent contractors for the repairs in question.

  To apply for funding, households must work through a participating FHLBank Indianapolis member financial institution. A list of participating institutions will be posted when the program is available.

Disaster Relief Program Resources

• Guidelines and Application Documents

  Guidelines and application documents will be posted when the program is available.

• Income-Related Documents and Forms

  Income-related documents and forms will be posted when the program is available.

• Post-Closing Documents

  Post-closing documents will be posted when the program is available.