News

As we announced last week, we are streamlining the application process for our Affordable Housing Program (AHP) and Homeownership Set-aside Program (HSP). The new system will provide members a dashboard for each program that will allow members to manage their participation in HCD programs more efficiently. To allow time to test the new system, opening dates for our AHP and HSP will move back to May 15, 2017.  

To prepare to access the new online system, your first step is to designate authorized users for your institution. To do this, complete our new AHP/HSP Authorization Form. Please submit the completed form to:
Kellee Tinsley, Membership Coordinator
FHLBank Topeka
PO Box 176
Topeka, KS 66601-0176

Please allow two weeks to process your authorization form. We suggest you submit your authorization no later than April 28, 2017, to be ready for the May 15 opening.

Participation in FHLBank Topeka’s Housing and Community Development programs provides opportunities for members to meet the Federal Housing Finance Agency’s community support requirements and to engage in targeted community lending.

2017 Program opportunities are shown below.

2017 Program Offerings

AFFORDABLE HOUSING PROGRAM (AHP) – The AHP is a competitive application program that provides gap financing for the acquisition, rehabilitation or new construction of qualifying owner-occupied and rental housing. 

• A minimum of $11.6 million will be made available for the 2017 AHP competitive program.

• The 2017 application period will open May 15, 2017.

• Applications are due to FHLBank on or before June 30, 2017.

• Awards will be announced on FHLBank’s website on or before December 29, 2017.

• The maximum 2017 AHP subsidy per project is $750,000

• The maximum per AHP-eligible unit is $30,000.

• Consult FHLBank’s website for more information about the 2017 AHP.
  
  

If you know of an individual within your financial institution who would like to receive information about FHLBank's AHP, send his/her contact information to FHLBank Topeka’s membership coordinator, Kellee Tinsley, at kellee.tinsley@fhlbtopeka.com with the subject: Please add me to the AHP mailing list.

HOMEOWNERSHIP SET-ASIDE PROGRAM (HSP) – The HSP is a non-competitive program for first-time homebuyers that provides up to $5,000 per eligible household for down payment, closing cost and repair assistance for the purchase or construction of homes in FHLBank’s four-state district. HSP subsidy is provided to households as a forgivable grant with a five-year retention period.

• In 2017, a minimum of $6.2 million will be made available for the HSP.

• The HSP Member Registration Agreement will be provided to members upon FHLBank’s receipt and acceptance of a properly executed AHP/HSP Authorization Form.

• Registered members may begin reserving up to $25,000 of HSP funds per month per member beginning May 15, 2017. HSP funds are available on a first-come, first served basis.

• Consult FHLBank’s website for additional information about the 2017 HSP.
  
  

If you know of an individual within your financial institution who would like to receive information about FHLBank's HSP, send his/her contact information to FHLBank Topeka’s membership coordinator, Kellee Tinsley, at kellee.tinsley@fhlbtopeka.com with the subject: Please add me to the HSP mailing list.

COMMUNITY DEVELOPMENT AND HOUSING PROGRAMS (CDP and CHP) – The CDP and CHP are special advance programs that provide members with wholesale loans (advances) priced below FHLBank’s regular advance rates. The CDP helps members finance qualifying commercial loans, farm loans and community and economic development initiatives. The CHP helps finance qualifying owner-occupied and rental housing. 

• The programs are not competitive, and enrollment is not required.

• May be used to fund loans originated up to 3 months prior to CDP/CHP application, or up to one year following CDP/CHP approval.

• CDP advance terms must be consistent with the terms of the loans being funded.

• The CDP/CHP application was updated in 2017. Contact HCD for technical assistance.

• FHLBank’s credit and collateral policies apply. Consult the Member Products and Services Guide for details.

• For more information, refer to the Discounted Advance Programs web page.

• The Lending Desk is available to discuss match funding opportunities for these programs.
  
  

JOINT OPPORTUNITIES FOR BUILDING SUCCESS (JOBS) – FHLBank no longer offers the JOBS program.

UPCOMING EDUCATIONAL OPPORTUNITIES
Contact the Housing and Community Development department at 866.571.8155 to discuss any of our programs. In addition to providing one-on-one technical assistance, our staff will also offer online training for the 2017 program year. Watch our website for more information.