Homeownership Programs

Federal Home Loan Bank of Indianapolis (FHLBI)

Neighborhood Impact Program (NIP)

The NIP program assists existing homeowners having household incomes at 80% Area Median Income (AMI) or below with home rehabilitation or repair needs. Up to $7500 in home repair funding.

Mortgage and taxes must be current when grant is made.

Managing the Repairs – Our Program Manager will assist you and guide you through the process. The homeowner is required to obtain two bids for the repairs.

Call NIBC for more details 269-968-1113

NIP Fact Sheet

General Requirements include: (1) Existing homeowner programs, the owner must have occupied the property for 6 months+; (2) Homeowners must register with NIBC prior to being considered; (3) Homeowners must complete designated education programs by NIBC prior to funding; (4) existing homeowners must be current on the mortgages, property insurance and property taxes; (5) the owner shall occupy the home as his/her primary residence for five years.

All programs are subject to change in availability of funds, terms and conditions and withdrawal from the market without prior notice.

Federal Home Loan Bank of Indianapolis (FHLBI)

Accessibility Modification Program (AMP)

This FHLBI program assists eligible senior (aged 62+) homeowners or owner-occupied households with a person(s) with a permanent disability with incomes at or below 80% of Area Median Income (AMI) with accessibility modifications and  up to 50% minor home rehabilitation needs. Up to $12,000 per household.

Mortgage and taxes must be current when grant is made.

Managing the Repairs – Our Program Manager will assist you and guide you through the process. The homeowner is required to obtain two bids for the repairs.

Call NIBC for more details 269-968-1113

AMP Fact Sheet

General Requirements include: (1) Existing homeowner programs, the owner must have occupied the property for 6 months+; (2) Homeowners must register with NIBC prior to being considered; (3) Homeowners must complete designated education programs by NIBC prior to funding; (4) existing homeowners must be current on the mortgages, property insurance and property taxes; (5) the owner shall occupy the home as his/her primary residence for five years.

All programs are subject to change in availability of funds, terms and conditions and withdrawal from the market without prior no