HSP NEWS: $1 million added; member limit discontinued
May 1, 2014
ADDITIONAL FUNDS ALLOCATED TO THE 2014 HSP:
On April 30, 2014, FHLBank’s Housing & Community Development (HCD) department allocated an additional $1 million to the Homeownership Set-aside Program (HSP). This brings the total funds available for the 2014 HSP to $5.5 million.
MEMBER LIMIT DISCONTINUED:
The $250,000 per member limit on HSP reservations has been discontinued for the remainder of 2014. Reservations will be accepted from members on a first-come, first-served basis, without limitation, through Nov. 28, 2014, or until all available funds have been reserved. Disbursements may be requested through mid-December. Reserved funds must be disbursed by Dec. 31, 2014. Please allow us 15 days to process funds reservation requests, and please inform HCD of any special time constraints so that we can help you meet your closing deadlines.