First Savings Bank is pleased to be able to offer two types of Federal Home Loan Bank of Indianapolis grants while funds are available.  If you or someone you know could benefit from either of these programs, please contact your local branch.  Both of the programs require the submission of income documentation, a short application, and bids from 2 independent contractors.  Work must be completed within 6 months of approval.  For additional details, please visit the Federal Home Loan Bank of Indianapolis website at https://www.fhlbi.com/products-services/community-investment-and-housing/homeownership-initiatives/homeownership-opportunities-program-(hop)

1.  Accessibility Modification Program (AMP)

• • • Grant funds available to homeowners to make eligible repairs/modifications to their homes to make it more accessible (such as ramps, kitchen/bath modifications, widened doorways, etc)
    • Open to households in which:
      • • All members are age 62 or older, all household members are 62+ and age 17 or younger if the older household member is the guardian of the younger, or any household member of any age is permanently disabled
        • Gross household income at or below 80% Area Median Income (income limits are determined at the county level and can be verified at https://www.fhlbi.com/products-services/community-investment-and-housing/homeownership-initiatives/accessibility-modification-program-(amp) at the bottom of the page)
        • The home is owner occupied and has owned the home for at least 6 months
        • Mortgage and property taxes are current
        • Home must be located in Indiana
        • Max grant available is $10,000/homeowner

2.  Neighborhood Impact Program (NIP)

• • • Grant funds available to homeowners to make eligible repairs to their homes (such as water heater, HVAC, roofing, windows, etc)
    • Open to households in which:
      • • Gross household income at or below 80% Area Median Income (income limits are determined at the county level and can be verified at https://www.fhlbi.com/products-services/community-investment-and-housing/homeownership-initiatives/accessibility-modification-program-(amp) at the bottom of the page)
        • The home is owner occupied and has owned the home for at least 6 months
        • Mortgage and property taxes are current
        • Home must be located in Indiana
        • Max grant available is $7,500/homeowner