NIFA 2018 HOUSING INNOVATION MARKETPLACE. Rural Lending Initiatives

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1 NIFA 2018 HOUSING INNOVATION MARKETPLACE Rural Lending Initiatives

2 FEDERAL HOME LOAN BANK TOPEKA FHLBank Topeka provides needed liquidity and funding to our diverse financial institution members throughout Colorado, Kansas, Nebraska and Oklahoma. Because we're owned by our member banks, thrifts, insurance companies, credit unions and community development financial institutions, we're able to provide the products and services that give them a competitive advantage in their markets. Visit with a member to learn more!

3 FHLBANK HOUSING AND COMMUNITY DEVELOPMENT (HCD) We help our members help communities! Affordable Housing Program (AHP) Homeownership Set aside Program (HSP) Discounted Advance Programs Contact HCD to learn more!

4 AREAS IN NEBRASKA THAT FHLBANK HAS TOUCHED WITH AHP/HSP/CICA FROM

5 AFFORDABLE HOUSING PROGRAM AHP is a competitive grant program to help people at or below 80% of the AMI attain housing Grants of up to $40,000 per rental unit or owner household and $750,000 per application Sponsors work with FHLBank member banks to submit applications Points are awarded based on commitments made, project characteristics and location Two types of applications 1. Rental Examples: Public Housing Authorities USDA projects LIHTC 20% of the units must be at 50% of the AMI 2. Homeowner Down Payment Assistance Repairs Above: Ribbon cutting at President and Ambassador buildings in downtown Lincoln (2013 AHP recipient) Left: Resident James Soby enjoys the renovated courtyard Round Opens May 14, 2018 $14,300,000 available Contact HCD for assistance Stop by our table for more info!

6 HOMEOWNERSHIP SET ASIDE PROGRAM HSP is a down payment assistance grant program for first time homebuyers $5,000 per homeowner grants are submitted by and made through FHLBank member institutions to first time homebuyers that are at or below 80% of the AMI In 2018 we have $7,800,000 in available funds Members are limited to $25,000 per month so there is ample opportunity for many members to participate Contact a member institution to get their help Tell them Mike sent you! Justin and Krista Moon in front of their new home in Columbus, Neb. The $5,000 in HSP funding made the home affordable for their growing family.

7 DISCOUNTED ADVANCE PROGRAMS Community Development Program The Community Development Program (CDP) provides wholesale loans (advances) priced below FHLBank s regular market rates to help members finance qualifying commercial loans, farm loans and community and economic development initiatives in the areas they serve. COMMON USES Agricultural loans for operating, equipment, breeding stock, real estate or refinancing; Commercial and small business loans for real estate, equipment, rolling stock, or refinancing; Community loans for infrastructure, public facilities, or equipment; Nonprofit lending for churches, schools, daycares and museums; and Purchase of a participation interest in or actually participating in a loan consortium for CDP eligible projects. The Hart Building in the historic film row district of Oklahoma City was renovated with help from a CDP advance.

8 DISCOUNTED ADVANCE PROGRAMS Community Housing Program The Community Housing Program (CHP) provides wholesale loans (advances) priced below FHLBank s regular market rates to help members finance qualifying owner occupied and rental housing in their communities. This favorable pricing, coupled with the availability of funds in terms of four months to 30 years, helps lenders extend long term, fixed rate credit for housing. COMMON USES Single family home loans One to four family rental properties Multifamily rental projects Thanks to a CHP advance, Billy Moyle had a wheelchair accessible apartment to live in near his rehabilitation facility in Lincoln.

9 HOW DO WE GET STARTED? Identify needs of the community Visit with a member Visit with HCD Implement