Neighborhood Impact Program

Are you in need of home repairs? Are your energy bills outrageous due to windows in disrepair?

The Neighborhood Impact Program (NIP) is a program through the Federal Home Loan Bank of Indianapolis that provides up to $7,500 to qualifying households for eligible repairs. Completed applications are processed on a first-come, first-serve basis until funding runs out. The application cycle runs from March to May.

1

Qualifying Repairs

Roofing, windows, water heaters, siding, exterior doors, HVAC (furnace, air conditioning), knob & tube replacement to meet current code requirements, gutters & downspouts, well/septic systems, weather stripping, attic & wall insulation, caulking, and soffit & fascia.
2

Income Requirements

Your gross household income must be at or below 80% of Area Medium Income (AMI). To check your AMI, please see the table below.
3

Homeowner Requirements

You must obtain a bid from two (2) independent contractors. You must provide all requested income and other documentation.
4

Property Requirements

All persons listed on the deed must live in the home (except for a child for estate planning purposes). You must have lived in the home for at least six (6) months prior to applying for NIP. Your mortgage and property taxes must be paid as agreed and current. Your home is a single-family home, condominium, duplex, or manufactured home with certain restrictions.
5

Completed applications are processed on a first-come, first-serve basis until funding runs out.
6

Call us at 810-767-4622 Extension 360 and tell us you would like to start an application for NIP.