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FHLBank Topeka Awards Affordable Housing Program Competitive Grants in Kansas, Colorado and Nebraska January 5, 2022

FHLBank Topeka selected 15 affordable housing projects in Colorado, Kansas and Nebraska to receive $8.9 million in grants through FHLBank Topeka’s competitive Affordable Housing Program (AHP). This year, in partnership with FHLBank’s member institutions, the AHP grants will assist in the construction and rehabilitation of 720 affordable housing units.

“We take pride knowing the AHP had a direct impact on the lives of more than 700 low- and moderate-income households in 2021,” said Matt Koupal, FHLBank Topeka’s Chief Compliance and Ethics Officer & General Counsel. “It is always rewarding to see how our member financial institutions are able to impact their communities in such a meaningful way.”

Each year, FHLBank Topeka allocates 10% of its prior year’s earnings for AHP. Since 1990, FHLBank Topeka has allocated more than $235 million to the AHP. Nonprofit groups, for-profit developers and public entities apply for the grants through one of FHLBank’s member institutions, comprised of nearly 680 community banks, savings institutions, credit unions, insurance companies and community development financial institutions in Colorado, Kansas, Nebraska and Oklahoma.
 
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. 

Find the complete list of 2021 AHP approved projects below.

 

COLORADO
$1.2 million for 132 housing units

 

Brothers Redevelopment, Inc., Denver, was awarded a $635,000 Affordable Housing Program grant. The grant funds are part of a $25 million project to build 72 affordable rental units. ANB Bank, Denver, is the member sponsor.

Elevation Community Land Trust, Denver, received a $630,013 Affordable Housing Program grant. The funds will provide down payment and closing cost assistance for 60 homebuyers. FirstBank, Lakewood, is the member sponsor.

 

KANSAS
$6.2 million for 498 housing units

 

Topeka Housing Authority was awarded a $750,000 Affordable Housing Program grant. The grant funds are part of a $1.1 million project to rehabilitate 92 affordable rental units. CoreFirst Bank & Trust, Topeka, is the member sponsor.

The City of Topeka received a $750,000 Affordable Housing Program grant. The funds will be used to rehabilitate 37 owner-occupied homes. Capitol Federal Savings Bank, Topeka, is the member sponsor.

 

Friends of JCDS, Inc, Lenexa, received a $312,308 Affordable Housing Program grant. The funds are part of a project to build and remodel 14 affordable rental units for individuals with intellectual and developmental disabilities. ANB Bank, Denver, Colorado, is the member sponsor.

 

Topeka Habitat for Humanity received a $630,000 Affordable Housing Program grant. The funds will be used to rehabilitate 40 owner-occupied homes. Capitol Federal Savings Bank, Topeka, is the member sponsor.

The City of Emporia was awarded a $357,000 Affordable Housing Program grant. The grant funds will be used to rehabilitate 40 owner-occupied homes. ESB Financial, Emporia, is the member sponsor.

 

Union Rescue Mission of Wichita, Inc. was awarded a $750,000 Affordable Housing Program grant. The grant funds are part of a $1 million project to rehabilitate 44 affordable rental units. Southwest National Bank, Wichita is the member sponsor.

Wichita Habitat for Humanity, Inc. was awarded a $514,725 Affordable Housing Program grant. The funds are part of a $588,500 project to rehabilitate 36 owner-occupied homes. Fidelity Bank, Wichita, is the member sponsor.

 

HopeBUILDERS Home Repair, Inc., Overland Park, was awarded a $750,000 Affordable Housing Program grant. The funds will be used to rehabilitate 75 owner-occupied homes. Capitol Federal Savings Bank, Topeka, is the member sponsor.

 

CHWC, INC., Kansas City, was awarded two Affordable Housing Program grants – one for $420,000 to rehabilitate 40 owner-occupied homes and the other for $450,003 to provide down payment and closing cost assistance to 30 homebuyers. Capitol Federal Savings Bank, Topeka, is the member sponsor.

 

Osage County Economic Development Corporation, Inc., Carbondale, received a $496,770 Affordable Housing Program grant. The funds will be used to rehabilitate 50 owner-occupied homes. First Security Bank, Overbrook, is the member sponsor.

 

NEBRASKA
$1.5 million for 90 housing units

Habitat for Humanity of Omaha, Inc. was awarded a $750,000 Affordable Housing Program grant. The funds will provide down payment and closing cost assistance to 50 homebuyers. American National Bank, Omaha, is the member sponsor.

 

Project Houseworks, Omaha, was awarded a $749,720 Affordable Housing Program grant. The funds will be used to rehabilitate 40 homes occupied by seniors. First National Bank of Omaha is the member sponsor.


Media Contacts


Tamara Taylor, 785.478.8157

VP, Director of Communications


Julie DeVader, 785.478.8155
FVP, Director of Marketing and Member Experience

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