Federal Home Loan Bank (FHLB) Disability Initiatives

Federal Home Loan Bank (FHLB) Disability Initiatives offer an “Affordable Housing Program” (AHP) designed to assist in the development of affordable housing for low-to-moderate income households.  The grant funds are available in the entitlement cities of Hattiesburg, Jackson, Biloxi, Gulfport, Moss Point, and Pascagoula and other Hurricane Katrina affected areas and rural communities.

The FHLB housing initiatives help member institutions develop affordable owner-occupied housing for very low to moderate income families and individuals. Funds must be used to benefit households with incomes at or below 80% of the median income for the area.

Michael F, a Hurricane Katrina evacuee, has been displaced for over three years. He did not expect to get this much home in such a good neighborhood for the price he paid and was grateful for the assistance to help overcome the down payment and closing cost barriers to his owning a home. He received a $16,000 grant from FHLB with BankPlus as the member bank partner.	Thomas and Deborah S and their IDS housing counselor are thumbs up after the successful closing of their home.  The couple received a $10,500 grant from FHLB with BancorpSouth as the member bank partner.