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Newsroom - 2008
FHLBank Topeka's Independent Director Election Results Changes to FHLBank Topeka's Member Products Policy FHLBank Topeka Declares 4th Quarter Dividend FHLBank Holiday Transaction Guidelines Office of Finance Publishes the FHLBanks' Third Quarter 2008 Combined Financial Report FHLBank Topeka Board Election Results for Member Directors Office of Finance Announces Third Quarter 2008 Combined Operating Highlights FHLBank Thanksgiving Day Transaction Guidelines FHLBank Topeka Files Third Quarter 10-Q with SEC FHLBank Line of Credit Paydowns Now Available Online FDIC Proposed Increase to Deposit Insurance Premiums Secondary Mortgage Operations Conference Wrap Up Changes to FHLBank Topeka's Member Products Policy FHLBank Topeka Declares 3rd Quarter Dividend Letter to FHLBank Members Regarding U.S. Treasury Announcement FHLBank Topeka Files Second Quarter 2008 10-Q with the SEC Issuance of Second Quarter Preliminary FHLBanks Combined Operating Highlights FHLBank Offering Disaster Relief to Kansas and Oklahoma Members Changes to FHLBank Topeka's Member Products Policy FHLBank Offering Disaster Relief Advances to Nebraska Members FHLBank Topeka Declares 2nd Quarter Dividend FHLBank Offering Disaster Relief Advances to Nebraska Members FHLBank Offering Disaster Relief Advances to Colorado Members FHLBank Topeka Announces First Quarter Results and Files First Quarter 10-Q FHLBank Offering Disaster Relief Advances to Oklahoma Members FHLBank Topeka Maintains Commitment to the MPF® Program FHLBanks Chicago and Dallas Announce Cessation of Merger Discussions FHLBank Announces 2007 Financial Results Changes to FHLBank Topeka's Member Products Policy FHLBank Topeka Files 2007 Form 10-K FHLBank Topeka Declares 1st Quarter Dividend Good Friday Advance and MPF Guidelines FHLBank Offering Disaster Relief Advances to Nebraska Members FHLBank Rural First-time Homebuyer and Targeted Ownership Programs FHLBank Offering Disaster Relief Advances to 60 Kansas Counties
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HOME > NEWS & EVENTS > Newsroom - 2008 > FHLBank Offering Disaster Relief Advances to Nebraska Members   

FHLBank Offering Disaster Relief Advances to Nebraska Members

FHLBank Topeka is offering its Housing and Community Development Emergency Loan Program (HELP) and Rural First-time Homebuyer Program (RFHP) to Nebraska members who are financing the repair or reconstruction of residences or businesses that were damaged by severe storms, tornados and flooding that occurred April 23-26, 2008.

Who's Included in the May 28 Disaster Declaration
Gage, Johnson, Morrill, Nemaha and Pawnee counties 

More about HELP
These advances are priced equal to FHLBank’s cost of funds and can be used to fund conventional or short-term loans for households or businesses damaged by the storm. The standard requirements of FHLBank’s credit and collateral policies apply to these special advances, which can be obtained for terms up to 30 years. Members are limited to no more than a 200-basis-point markup to their customer above HELP advance rates. The total dollar amount of HELP advances available is $25 million. Requests will be honored on a first-come, first-served basis and are limited to $2 million per project. Each member may obtain HELP advances for no more than two projects per year.

If you are interested in accessing HELP funds to assist in recovery efforts, simply use FHLBank’s HELP application form. For more information about HELP, please contact Mark Ward, operations and community programs manager, at 866.571.8155.

More about RFHP
RFHP funds now can be used to help with rehabilitation costs for existing homeowners in rural areas located in federally declared disaster areas. Homeowners can use the funds for rehabilitation assistance on a home that is outside the urbanized area of the central city of a Metropolitan Statistical Area (MSA) in Nebraska. Contact HCD staff if you are unsure if the property is located in a rural area. Be prepared to provide a street address for the property in question.

If you are interested in accessing RFHP funds to assist rural homeowners in the counties listed above, please refer to FHLBank’s online RFHP documentation. For more information about RFHP, please contact Utika Scales, AHP specialist – homeownership, at 866.571.8155.