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Find similar grantsElevate Grants is sponsored by Federal Home Loan Bank of Indianapolis (FHLBI). Elevate Grants help small businesses in Indiana and Michigan invest in new technology, employee training, or marketing support.
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Community Programs - Federal Home Loan Bank of Indianapolis Community Investment Programs FHLBank Indianapolis is proud to offer a variety of grant opportunities for affordable housing and economic development initiatives — and we've been doing it since 1990.
In just the last 10 years, our Community Investment team has provided nearly $400 million in funding across our grant programs to support affordable housing and economic development initiatives throughout the district. We have funded the construction of nearly 300 affordable housing projects, totaling more than 11,000 units.
Through our Homeownership Initiatives, we've helped more than 2,500 households become first-time homeowners and funded modifications and repairs on over 5,000 homes. And our Elevate Small Business Grant has supported the growth and development of more than 100 local businesses across Indiana and Michigan.
Affordable Housing & Community Development Affordable Housing Program Providing crucial gap funding that supports affordable housing development across Indiana and Michigan. 2026 allocation: $28. 7 million Awards announced: Nov.
20 Launch – Down Payment Assistance Launch provides qualified first-time homebuyers with down payment, closing and housing counseling cost assistance. 2026 allocation: $9. 3 million Status: 2026 round is closed Revive – Home Repair Grant Revive helps qualified homeowners with deferred maintenance repairs and necessary accessibility upgrades.
2026 allocation: $9. 3 million Status: 2026 round is closed HomeBoost – Down Payment Assistance HomeBoost Down Payment Assistance provides down payment assistance to first-generation homebuyers in Indiana and Michigan. 2026 allocation: $5.
3 million Status: Round opens July 8 Housing Supply Rate Buydown Advance Housing Supply Rate Buydown allows members to borrow at subsidized rates to support lending to qualified housing development. Status: Available 8:00 a. m.
July 31 Community Multiplier – Member Match Program Members can multiply their community impact with matching grants for non-profits engaged in targeted affordable housing initiatives. 2026 allocation: $5 million Awards announced: Sept. 22 Elevate Small Business Grants Our Elevate Small Business Grant provides grant funds for members to support small business development in their communities.
2026 allocation: $2. 1 million Awards announced: Oct. 22 Disaster Relief Program The Disaster Relief Program provides assistance to homeowners affected by natural disasters in Indiana and Michigan.
Status: Available in Indiana Community Impact Advance Community Impact Advances are a cost-efficient way for FHLBank Indianapolis members to borrow long-term funds to support local economic development Heirs' Property Our initiatives in Indiana and Michigan support data-driven, holistic strategies to prevent and resolve heirs' property issues.
Detroit allocation: $500,000 Indiana allocation: $500,000 Community Catalyst Training Program Our Community Catalyst trainings provide the expertise and support members need to get started with affordable housing & community development.
Money Masters Scholarship Program The Money Masters and Money Masters+ Scholarship Programs pair member institutions with community partners to provide financial literacy education and scholarships to students. Community Spirit Award The Community Spirit Award honors an outstanding individual at one of our member institutions in Indiana and Michigan. Michigan presentation: Aug.
20 Indiana presentation: Aug. 25 FHLBank Indianapolis presents 2026 Community Spirit Award to Indiana lender for affordable housing achievements FHLBank Indianapolis announced Kristen Hodge, VP, Nonprofit Services Officer at The National Bank of Indianapolis, was awarded the 2026 Community Spirit Award honoring her exceptional contributions to affordable housing and community development in Indiana.
FHLBank Indianapolis presents 2026 Community Spirit Award to Michigan lender for affordable housing achievements FHLBank Indianapolis announced John Harpst, VP, Community Lending at Grand Rapids-based Lake Michigan Credit Union, was awarded the 2026 Community Spirit Award honoring his exceptional contributions to affordable housing and community development in Michigan.
FHLBank Indianapolis announces forthcoming Indiana heirs' property program FHLBank Indianapolis is proud to announce its newest program: the Indiana Heirs' Property Initiative, which focuses on education, prevention and resolution for impacted heirs' properties.
FHLBank Indianapolis seeking nominations for open position on Affordable Housing Advisory Council Today, the Federal Home Loan Bank of Indianapolis announced it is seeking nominations to serve on its Affordable Housing Advisory Council, which is tasked with providing guidance on housing initiatives and housing needs across FHLBank Indianapolis' district of Indiana and Michigan. See all articles regarding news about FHLBank Indianapolis.
According to the current listing, eligibility includes: Businesses based in Indiana or Michigan that have been operating for at least 12 months, for technology enhancements, capital improvements, and workforce development. Confirm the full requirements in the official notice before applying.
The current listing shows up to $20,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Elevate Grants is funded by Federal Home Loan Bank of Indianapolis (FHLBI). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Michigan and Indiana. Check the official notice for exact location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
On April 20, 2026, the White House declared grid, natural gas, LNG, petroleum, and coal 'essential to national defense,' unlocking DPA Title III loans, loan guarantees, and purchase commitments through DOE. Here is how this non-traditional financing works, who qualifies, why the September 30 sunset matters, and how energy companies and their supply chains should position now.
Read articleThe RUS Powering Affordable Reliable Technology (PART) Energy Program takes Letters of Interest until October 9, 2026. Up to 40% of each loan can be forgiven, awards run $1M to $100M, and USDA describes eligible generation as hydro, geothermal, and biomass — even though Section 317 of the RE Act names solar and wind.
Read articleUSDA's Rural Decentralized Water Systems Grant funds nonprofits to capitalize a revolving loan fund for household wells and septic systems: 1 percent fixed, 20-year terms, $15,000 maximum per household. The application window closes September 30, 2026. The program is chronically under-subscribed for one structural reason — the 10 percent priority-point contribution cannot be in-kind. Here is the full instrument analysis and what it takes to win.
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