German American Bank, a member of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded HOPE of Evansville $55,000 in grant funds through the Community Multiplier – Member Match Program.
The $55,000 grant will support HOPE’s efforts in working with low-to-moderate income households to break down barriers to homeownership. Funds will allow HOPE to strengthen its foreclosure prevention program, giving the on-staff HUD-certified housing counselors the ability to provide individualized foreclosure mitigation services. These services explore alternatives to foreclosure through loss mitigation counseling, budgeting and credit analysis, and guidance through complex mortgage processes.
“German American Bank is dedicated to building thriving communities, and that starts with empowering people to prosper,” shares Tony Loudermilk, German American Bank Regional Senior Retail Officer. “HOPE does amazing work in creating equitable opportunities for families in need. We are excited to partner with them for the Community Multiplier Grant, knowing how much the funds are needed to continue that work,”
“It truly takes a village to carry out our mission to provide, promote, and sustain affordable housing in our communities,” states Josh Calhoun, HOPE Executive Director. “We are so thankful for community partners like German American Bank. Their enthusiasm to work with us to apply for and receive this grant is a testament to their dedication to build better communities.”
About HOPE of Evansville
The mission of HOPE of Evansville is to provide, promote, and sustain affordable housing and credit counseling opportunities for low-to-moderate income families. Our program include: down-payment assistance, foreclosure prevention, credit/budget coaching, small business loans, and housing development. HOPE of Evansville is located at 900 N Main St Evansville, IN 47711. For additional information about services provided by HOPE of Evansville, please visit www.hopeofevansville.org or call 812-423-3169
The Community Multiplier – Member Match program is FHLBank Indianapolis’ newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis’ other grant programs. Community Multiplier offers grants between $25,000 and $125,000 for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000.
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