FHLBank Topeka Approves 2019 Affordable Housing Grants
October 22, 2019
FHLBank Topeka approved $12.13 million in affordable housing grants nationwide. The grants will fund 15 projects through FHLBank Topeka’s Affordable Housing Program (AHP). This year, FHLBank Topeka received 69 applications for AHP grants with requests for over $45.6 million to fund projects in the FHLBank four-state district (Colorado, Kansas, Nebraska, Oklahoma), as well as Arkansas, Florida, Iowa, Kentucky, Missouri and Texas.
Nonprofit groups, for-profit developers and public entities apply for the grants through one of FHLBank’s member institutions, comprised of 714 commercial banks, savings institutions, credit unions and insurance companies in Colorado, Kansas, Nebraska and Oklahoma. Each year, FHLBank Topeka allocates 10% of its prior year’s earnings for AHP.
FHLBank’s housing and community development programs are an important part of sustaining its mission, to make a difference by helping our members build their communities. The AHP is one way to support our member financial institutions as they support their communities. See all approved projects. For additional information on our housing programs, visit www.fhlbtopeka.com/ahp.
FHLBank Topeka is one of 11 Federal Home Loan Banks that accesses the capital markets to provide liquidity and funding for its members. With $51.8 billion in assets and more than $2.4 billion in capital, FHLBank Topeka is a strong, reliable source of liquidity for its 714 member financial institutions in Colorado, Kansas, Nebraska and Oklahoma.