We are proud of our commitment to help our communities grow and prosper. We offer community development lending and equity investment solutions that produce jobs and revitalize the places where we live, work and play.
Our Affordable Housing and Economic Development Initiatives include:
Construction Loans, Permanent Financing and Letters of Credit - build new and/or rehabilitate affordable housing properties
Tax Credits - Low Income Housing Tax Credit (LIHTC) and Historic Tax Credit (HTC) equity investments are made in affordable housing and economic development projects
Federal Home Loan Bank of Indianapolis (FHLBI) - we participate in the affordable housing programs offered by the FHLBI which offers Affordable Housing Program (AHP) grants for rental and home ownership projects, down payment assistance for first time home buyers (HOP), Neighborhood Improvement (NIP) grants for low-to-moderate income home owners to perform needed home improvements and Accessibility Modification Program (AMP) grants to allow those with disabilities to remain in their homes
Community Benefits Investments - loan pools, Mezzanine Financing programs, Micro-loan initiative, deposits in Community Development Financial Institutions (CDFIs), investments in community land trusts, purchases of securities backed by mortgages to low-to-moderate income borrowers and in low-and moderate-income neighborhoods
State and Local Governments - involved in partnerships that promote community and economic development through specialized loan programs and investments in municipal bonds
Foundation - other initiatives are supplemented by grants and donations by our foundation