2022 Homeownership Set-aside Program

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2022 HSP Details

• Round opens March 7, 2022
• Funds available: a minimum of $6.24 million
• Maximum subsidy per household: $7,500 New for 2022!
• Minimum subsidy per household: $2,500
• Member monthly limit: $37,500 New for 2022!
• Households may receive cash back up to $250 New for 2022!
• A minimum contribution from the household is not required New for 2022!
• Reservations will be accepted on a first-come, first-serve basis, subject to member limits through November 30, 2022.
• Members that registered for the 2020 HSP or a subsequent round will automatically be enrolled to participate in the 2022 HSP and do not need to complete an HSP Registration Agreement.

WHAT IS THE HOMEOWNERSHIP SET-ASIDE PROGRAM

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.

I AM A FIRST-TIME HOMEBUYER OR REALTOR

First-time homebuyers and their communities benefit from HSP funds. Learn who qualifies as a first-time homebuyer and how they may receive as much as $7,500 in downpayment assistance through the HSP in the 2022 Affordable Housing Program Implementation Plan.

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. FHLBank does not work directly with homebuyers. Homebuyers should contact an FHLBank member to apply for HSP grant funds.

Affordable Housing Program Implementation Plan >>>

FHLBank Member Directory >>>

I AM A MEMBER NEW TO THE HSP

Members can participate in the HSP by completing an HSP Member Registration Agreement. Members who registered for the 2020 HSP or a subsequent round, are no longer required to register annually and will automatically be registered for the HSP funding periods.  

If your institution would like to register to participate in HSP, please contact HSP@fhlbtopeka.com for registration instructions.