INDIANAPOLIS, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Today, the Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis" or "Bank") announced that it has facilitated over $26 million in loans to community development financial institutions (CDFIs) across Indiana and Michigan. FHLBank Indianapolis made these transactions possible through a $5.9 million grant allocation to its CDFI Rate Buydown Advance program. The Bank celebrates the 15 financial institutions who participated in the program.

CDFIs are mission-driven lenders that provide credit and financial services to communities traditionally underserved by mainstream financial institutions, including rural, urban and Native American communities. Through the CDFI Rate Buydown Advance program, participants created a new lending pipeline to address the housing and community development needs of Indiana and Michigan.

FHLBank Indianapolis launched the CDFI Rate Buydown Advance program in 2024 with an initial $5 million grant allocation. CDFI Rate Buydown Advances allow CDFI members of FHLBank Indianapolis to borrow directly from the Bank while encouraging other member financial institutions to lend to non-depository CDFIs, regardless of Bank membership.

"The CDFI Rate Buydown Advance program facilitated new lending pipelines in underbanked communities," said Jon Griffin, SVP, Chief Business Development Officer of FHLBank Indianapolis. "FHLBank Indianapolis is proud to offer the solutions our community financial institutions need to fulfill their missions and support community lending.

Participating FHLBank Indianapolis member financial institutionsFifteen members took advantage of FHLBank Indianapolis' grant dollars to facilitate low-cost funding to nine community development financial institutions.

Financial Institution

First Independence Bank

First Internet Bank of Indiana

First Merchants Bank

Independent Bank

Indianapolis Neighborhood Housing Partnership, Inc

Lake City Bank

Lake Trust Credit Union