The 2018 HSP will open March 5.
Click here to access HSP Online.
“Without that grant, we would not have been able to purchase this home. We finally feel like we’ve put down some roots.”
Ann Hauenstein, HSP Recipient
FHLBank Topeka sets aside funds annually within the Affordable Housing Program (AHP) to assist very low, low-, and moderate-income first-time homebuyers.
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.
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.
2018 HSP Details
- HSP round opens March 5, 2018.
- Funds made available: a minimum of $4.5 million
- Maximum subsidy per household: $5,000
- Reservations will be accepted from members on a first-come, first-served basis, subject to member limits, through Nov. 30, 2018, pending availability of funds. Disbursement requests must be submitted by members to FHLBank within 90 days of reservation approval.
Members that participated in the 2017 HSP DO NOT need to complete a new AHP/HSP Authorization Form. If a member wishes to add new authorized users to HSP Online, add the user via the AHP/HSP Supplemental Authorization Form (located on the Resources tab). To remove an authorized user's access to HSP Online, email firstname.lastname@example.org.