Homeownership Set-Aside Program (HSP) Increases Monthly Member Limit
July 2, 2018
Effective immediately, the member limit for the Homeownership Set-aside Program (HSP) is increased from $25,000 to $50,000 per member, per month. Reservations will continue to be accepted through November 30, 2018, or the date HSP funds are exhausted on a first-come, first-served basis, subject to the $50,000 monthly member limit. Members are neither allocated nor guaranteed availability of funds.
The increase to the member monthly limit will result in an increase to the overall number of submitted reservation requests. Please schedule loan closings accordingly, as the increased volume may delay reservation approvals. To ensure consistent and fair processing of reservations, FHLBank will process reservation requests in the order they are received.
To expedite reservation request approval, members are encouraged to complete the HSP Income Calculation Workbook accurately and completely according to the instructions and guidelines provided in the AHP/HSP Income Calculation Guide. The guide is located on the HSP website, Resources tab.
For more information on HSP, visit the HSP website or contact Jessica Puvogel, HCD Coordinator, at 785.478.8064 or email@example.com.