FHLBank Indianapolis

FHLBank Indianapolis, founded in 1932, is a privately owned cooperative bank serving member financial institutions across Indiana and Michigan. It is one of 11 regional banks in the Federal Home Loan Bank System, a network created by Congress to support housing finance and community development. The bank is owned by its members - banks, credit unions, community development financial institutions and insurance companies - which it supplies with liquidity to support mortgage lending and community development.

Its work spans several programmes. Member Liquidity Services provides readily available funding to member institutions. The Affordable Housing Program has awarded nearly $400 million in grant funding since 1990, including support for close to 300 projects and more than 11,000 housing units over the past decade. Homeownership and home repair initiatives have assisted more than 2,500 first-time homebuyers and funded modifications or repairs to more than 5,000 homes. The Elevate Small Business Grant has supported over 100 local businesses.

The organisation's stated focus is affordable housing and economic development in its district and nationwide through the Federal Home Loan Bank System. Industry areas covered include housing finance, mortgage lending, community development, affordable housing and small business lending.