#United States #affordable housing #Housing Grants #FHLBank Topeka #Topeka, Kansas

FHLBank Topeka's Commitment to Affordable Housing

FHLBank Topeka has recently unveiled a substantial investment of $33.9 million allocated for affordable housing grants, setting a new record for the organization. This generous funding is directed towards supporting affordable housing projects through its Affordable Housing Program (AHP) in collaboration with its member financial institutions. With these grants, 31 projects are set to emerge, bringing secure housing to 1,764 households in various income brackets, specifically targeting very low, low, and moderate-income families.

Distribution of Funds Across States

The distribution of the funding showcases a commitment to addressing housing needs across the four-state district of FHLBank Topeka, including:

• - Colorado: $7.3 million designated for the development of 416 housing units.
• - Kansas: A significant allocation of $16.4 million, aimed at supporting 809 housing units.
• - Nebraska: Funding of $5.9 million to contribute to 331 housing units.
• - Oklahoma: $4.3 million earmarked for 208 housing units.

This diverse allocation indicates a proactive approach to ensuring housing security across various regions, reflecting the needs of local communities.

The Role of AHP Grants

Every year, FHLBank Topeka dedicates 10% of its earnings from the previous year towards the AHP. The grants are available for a variety of applicants, including nonprofit organizations, for-profit developers, governmental agencies, and public entities that collaborate with FHLBank member institutions. Notably, AHP funding often acts as a catalyst, enabling projects to secure additional resources necessary for their completion.

Jeff Kuzbel, the President and CEO of FHLBank Topeka, commented on the organization’s mission, stating, "Our members are at the heart of their communities, working closely with nonprofits and developers to increase access to safe, stable, and affordable housing opportunities. The cooperation in these 31 projects not only creates homes but opens doors to economic stability and long-term prosperity."

Expanding the Commitment to Housing

In addition to the Affordable Housing Program, FHLBank Topeka has committed an extra 5% in voluntary funding aimed at enhancing affordable housing and community development initiatives. Some of these funds are utilized through the AHP Extra Program, providing additional support to the individual projects funded through the AHP grants.

In 2025, FHLBank Topeka also contributed $41.9 million via other supportive programs. Highlights of this funding include:

• - $22.6 million through the TurnKey Program, aimed at assisting 1,632 income-eligible homebuyers with down payments, closing costs, and repairs.
• - $5 million through the Native American Housing Initiatives Grants Program, which focuses on community development within Native American populations.
• - $8.5 million allocated to the Mortgage Rate Reduction Product, designed to lower mortgage interest rates for qualifying households.
• - $4.9 million intended to promote lending initiatives, such as aiding small businesses and agricultural endeavors.
• - Disaster relief grants aligned with the Community Assistance Recovery Effort Program and funding for the FHLBank Topeka Affordable Housing Institute at MSU Denver.

Conclusion

FHLBank Topeka's multi-faceted approach to supporting affordable housing and community development reaffirms its dedication to enhancing the living conditions and economic well-being of families in its service areas. As one of the 11 Federal Home Loan Banks across the United States, FHLBank Topeka is pivotal in providing liquidity and funding to foster the growth of vibrant communities. With assets exceeding $79.9 billion and capital surpassing $4.1 billion, its impact is profound and far-reaching.

For more insights about this remarkable initiative and the successful grant recipients, please visit FHLBank Topeka's website.