German American Bank Awards $110,000 in Funds to TRI-CAP Through FHLBank Indianapolis Grant Program

German American Bank, a member of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded TRI-CAP $110,000 in grant funds through the Community Multiplier – Member Match Program. 

The $110,000 grant will support TRI-CAP’s efforts to empower families to gain more self-sufficiency by providing needed health, housing and education services in our communities.  Specifically, the grant will increase housing counseling services for populations most in need through educational classes, pre and post purchase homeownership counseling, foreclosure intervention, and credit and budgeting help. Current TRI-CAP housing counselors will be able to expand their services to provide ongoing counseling and case management.  

“German American Bank’s belief that when a community thrives, its people prosper aligns so closely with TRI-CAP’s mission to improve the communities they serve,” shares Jay Baker, German American Bank Regional President. “When we learned about the Community Multiplier program, it was easy to identify TRI-CAP as an organization who could take the grant funds and use them to make a big impact.”

 “We’ve always had a strong relationship with German American Bank and it was great to work together with their group of community-minded professionals to turn an opportunity into a very impactful grant for our organization,” states Joyce Fleck, TRI-CAP Executive Director. “It was truly a team effort, and we are very thankful for the ability to help so many more clients achieve financial freedom as a result.”

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.