HSP

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 purchase-related repair assistance to first-time homebuyers earning at or below 80% of the Area Median Income (AMI) for the purchase of a primary residence located in Colorado, Kansas, Nebraska or Oklahoma.

HSP is offered through a partnership with participating FHLBank members (financial institutions) and reflects our shared commitment to strengthening communities and increasing affordable housing opportunities.

Participating FHLBank members guide homebuyers through eligibility interviews, handle required documentation, advance grant funds at loan closing and request reimbursement from FHLBank afterward. To learn more or apply for HSP, homebuyers must connect with a participating FHLBank member.

2026 HSP Details

Program opening date: March 2, 2026
Funds available to be announced in mid to late February
Maximum subsidy per household: $15,000
Minimum subsidy per household: $2,500
Member monthly limit: $75,000
Homebuyer education required
Five-year retention period — Obtain the Real Estate Retention Agreement (RERA) in the Resources Section of this webpage.
Reservations accepted on a first-come, first served basis, contingent on member monthly limits and the availability of funds through Sept. 30, 2026.
2026 program changes and guidelines can be found in the HSP/HSP+ User Guide
Looking ahead to 2027: Members must successfully fund a 2026 HSP or HSP+ reservation to qualify for a 2027 HOPE allocation.

HSP Online

Registration

TurnKey is offered in partnership with FHLBank members. Members are responsible for interviewing households to determine eligibility, submitting required documentation, advancing grant funds at loan closing and requesting reimbursement following loan closing. To participate in TurnKey, a TurnKey Member Registration Agreement (Registration Agreement) must be on file with FHLBank. Once submitted, the Registration Agreement remains valid for current and future rounds, eliminating the need for annual registration. Contact TurnKey@fhlbtopeka.com for registration information.

Message to Homebuyers
The TurnKey programs are offered in partnership with FHLBank members. FHLBank does not work directly with homebuyers and does not originate home loans. Contact an FHLBank member to determine eligibility and apply.

Homebuyer Education

Homebuyer education is required for HSP and HSP+. FHLBank will accept certificates from providers approved by the organizations listed below. In general, if the homebuyer education provider is accepted by Fannie Mae or Freddie Mac, FHLBank will accept the course. This includes the online courses CreditSmart, Framework and Homeview.

United States Department of Housing and Urban Development (HUD): https://hud4.my.site.com/housingcounseling/s/?language=en_US
National Industry Standards of Homeownership Education and Counseling: https://homeownershipstandards.org/home/Home.aspx
Federal National Mortgage Association: http://www.fanniemae.com
Federal Home Loan Mortgage Corporation: http://www.freddiemac.com
Habitat for Humanity

General Homebuyer Education Requirements:

Homebuyer education must be completed within the current or previous calendar year of the purchase closing date. The date of course completion must be visible on the homebuyer education certificate.
Only one adult household member must complete the homebuyer education course and be named on the certificate.
The provider must sign the certificate if the course is taken in a classroom or face-to-face setting. If the course is taken online, the homebuyers signature is not required.
If Homebuyer Education is taken through an online platform, such as EHomeAmerica, ensure the provider meets FHLBank Requirements. EHomeAmerica is not the Homebuyer Education provider.

FHLBank recommends the required homebuyer education course be taken prior to the loan closing.

HSP Online