Download presentation
Presentation is loading. Please wait.
Published byRodger Kennedy Modified over 5 years ago
1
Fostering Internal and External Champions to Achieve Community Goals
How your community financial Institution may be the missing partner Panel Discussion With: MaryBeth Wott: FHLBank Indianapolis Megan Coler-Hasser: FHLBank Indianapolis Karen Gregerson: The Farmers Bank Kristen Hodge: The National Bank of Indianapolis
2
Session Goals Introduction to FHLBank Indianapolis
2018 Community Investment Workshop Session Goals Introduction to FHLBank Indianapolis Developing internal and external Champions Importance of Community Financial Institution partnerships Opportunities to partner Community support and resources available Engagement and relationship building
3
FHLBank Indianapolis Who we are
4
Federal Home Loan Bank System
Overview Cooperatives created by Congress in 1932 11 regional banks with over $1 trillion in total assets Member owned – only members can access products/services Each FHLBank independently managed 10% of yearly net earnings from each bank are reinvested into communities
5
Where are we? Federal Home Loan Bank System
6
FHLBank Indianapolis Indiana + Michigan Nearly 380 members
Members include: Commercial banks and thrifts Credit Unions Insurance Companies CDFIs Approximately 250 staff Community Investment Department – 13 staff
7
AHP HOP NIP AMP Community Investment Programs Primary Grant programs
Affordable Housing Program (Competitive) Competitive Grant Program to develop or preserve affordable rental housing $500,000 grant limit Members must underwrite and monitor compliance requirements HOP Homeownership Opportunities Program Matching funds for down payment and/or closing cost for first-time homebuyers Up to $8,000 or $4,000 grant per household, Homebuyer contributing minimum of $1,000 5 year retention NIP Neighborhood Impact Program Rehabilitation grants for existing homeowners Up to $7,500 per household AMP Accessibility Modification Program Accessibility modifications for seniors or persons with a permanent disability Up to $12,000 per household
8
Community Investment Programs
Additional programs Community Investment Program (CIP) Discounted advances and letters of credit available to members on an ongoing basis to support targeted housing and economic development. Elevate Small Business Grant A new grant program aimed to help stimulate local economic development, workforce development and job creation through small businesses in Indiana and Michigan. Community Mentors Program Partnering community with development experts to present a day filled with best practices in implementing community development goals. Learning from others who have navigated the challenges of engaging community stakeholders.
9
Importance of Champions
Developing internal & External partners to achieve community goals
10
Champions Internal and External Champions Exemplify:
2018 Community Investment Workshop Champions Internal and External Champions Exemplify: Actualize Progress Positivity Organized Results Oriented Engaging Staff Reliable Way to engage staff – which energetic staff person will you lose to another opportunity?
11
Community Financial Institutions
Building a network of champions
12
Financial Institution (Member)
Financial Institutions Community Partnerships Financial Institution (Member) Invest in the community Foundation/philanthropy goals Community Reinvestment Act (CRA) Access to FHLBank Indianapolis grants/funding Community Partner Connection to community project or program Create long term, sustainable community asset Fulfill a need or mission Leveraging investments FHLBank Indianapolis Leverage funding with stakeholders with common objectives Develop new or expanded relationships with members Create jobs
13
Community Financial Institution Panel Discussion
Karen Gregerson, President/CEO The Farmers Bank Kristen Hodge, VP, Nonprofit services The National Bank of Indianapolis Moderated by: Megan Coler-Hasser, Community Investment Outreach Analyst FHLBank Indianapolis
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.