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.
2025 Disaster Relief Program Opening:
Pursuant to the March 31, 2025, state executive order declaring a state of emergency in certain parts of Northern Michigan as a result of severe winter weather between March 28 and March 30, 2025, the Federal Home Loan Bank of Indianapolis has opened its Disaster Relief Program for residents of the following Michigan counties: Otsego, Oscoda, Montmorency, Presque Isle, Emmet, Charlevoix, Cheboygan, Crawford, Mackinac and Alpena.
Members interested in using Disaster Relief Program funds should review the below resources and information. Members must submit a signed Master Agreement and completed program application to participate.
The Disaster Relief Program will be available until May 30, 2025, or until funds are exhausted.
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:
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 and Application when the program is available.
Member documents are to be submitted at: housing@fhlbi.com
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 Family Income, use huduser.gov to locate what those limits are.
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