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2021 Community Support Statements

FHFA Community Support Statements are due no later than October 29, 2021. We are encouraging members to complete this as soon as possible to avoid being placed in restricted status. Emails are being sent to contacts containing instructions for completing the statements.

 
 

Homeownership Set-aside Program

 

 

“What we liked best about the HSP was that we could take advantage of current market interest rates, not special established interest rates, which can push first-time homebuyers out of the loan.” 

Dana Ezell  |  Republic Bank & Trust  |  SVP, Director of Mortgage Administration

Login to HSP Online to determine if HSP grant funds are available for reservation.

 

FHLBank Topeka sets aside funds annually within the Affordable Housing Program (AHP) to assist very low, low-, and moderate-income first-time homebuyers.

 

The Homeownership Set-aside Program (HSP) provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% of the Area Median Income (AMI) for households purchasing or constructing homes in Colorado, Kansas, Nebraska and Oklahoma. The HSP is provided to households as a forgivable grant with a five-year retention period.

 

This program is a partnership with FHLBank members. Members work with qualified homebuyers, submit documents to FHLBank, provide the grant funds at closing and request reimbursement of the funds after closing.

 

 

2021 HSP Details

  • HSP Round opens March 1, 2021
  • Funds available: a minimum of $4.59 Million
  • Maximum subsidy per household: $5,000
  • Minimum subsidy per household: $2,500
  • Reservations will be acceptd on a first-come, first-serve basis, subject to member limits through November 30, 2021, pending availability of funds. Disbursement requests must be submitted by members to FHLBank within 90 days of reservation approval.
  • Members that registered to participate in the 2020 HSP, will automatically be enrolled to the 2021 HSP and do not need to complete an HSP Registration Agreement.

HSP Online

 

 

 

Address:

500 SW Wanamaker Road
Topeka, KS 66606

Phone:

785.233.0507

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