#United States #Cincinnati #Disaster Recovery #FHLB Cincinnati #Grant Assistance

Major Milestone Achieved: FHLB Cincinnati's $10 Million Commitment to Disaster Reconstruction

On November 5, 2025, the Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) announced a significant milestone achieved by its Disaster Reconstruction Program (DRP). The program has successfully disbursed over $10 million, benefiting a total of 729 households suffering from various natural disasters spanning Kentucky, Ohio, and Tennessee.

Originally established in 2012, this initiative was designed to provide crucial financial support to homeowners and renters whose primary residences have either sustained damage or been entirely destroyed by federally or state-declared natural disasters. The DRP facilitates a remarkable level of assistance, with grants offering up to $20,000 for homeowners and $10,000 for renters displaced from their homes, thereby aiding in reconstruction, acquisition, or repair costs.

The funds available through the program have been instrumental in the recovery process for communities grappling with the aftermath of devastating events such as tornadoes, floods, and severe storms. Noteworthy examples of the support include families in Kentucky who are rebuilding their homes following catastrophic flooding and residents of Dayton whose lives were disrupted by a series of tornadoes in 2019.

Andy Howell, the President and CEO of FHLB Cincinnati, articulated the program's purpose, stating, “The Disaster Reconstruction Program embodies our mission of building stronger communities. By helping families return to safe, stable homes after devastating events, we’re not only restoring structures but also hope and stability.”

The successful disbursement of $10 million serves as a testament to the dedication of FHLB Cincinnati's member institutions and the impactful partnerships solidified during times of widespread need. As the program continues to operate, it currently holds $3.9 million readily available to assist eligible households in the area.

For those seeking information regarding the Disaster Reconstruction Program, including eligibility and application information, interested parties are encouraged to visit www.fhlbcin.com or reach out directly to Jill A. Cravens, the Housing and Community Investment Officer, or Dawn E. Grace, the Vice President of Housing and Community Investment, via their toll-free number at 888-345-2246.

About FHLB Cincinnati

The Federal Home Loan Bank of Cincinnati is a highly regarded AA+ rated cooperative bank, owned by 601 member financial institutions which include commercial banks, thrifts, credit unions, insurance companies, and community development financial institutions throughout Kentucky, Ohio, and Tennessee. The bank not only guarantees access to various products and services but also focuses on providing a competitive return to its members through quarterly dividends on their investments in the organization. Additionally, FHLB Cincinnati facilitates community investment initiatives aimed at creating affordable housing and promoting economic development within communities. With rising natural disasters affecting more regions than ever before, programs like the DRP and the funding it allocates are crucial in ensuring that communities can recover and rebuild effectively, fostering resilience and hope for the future.