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HomeBoost Minority Down Payment Assistance Program

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The HomeBoost Minority Down Payment Assistance Program provides $15,000 in down payment assistance grant funding to those who

  • are first time homebuyers.
  • identify as Black or African American, Asian, Hispanic, Indian American or Alaska Native, and/or Native Hawaiian or Other Pacific Islander.
  • have a household income at or below 120% of the local Area Median Income; and
  • intend to purchase a primary residence in Indiana or Michigan.
The pilot round will open Tuesday, Sept. 5, 2023, with $2.5 million available. Eligible households must work with an FHLBank Indianapolis member financial institution, like Solidarity Community Federal Credit Union, to submit a request. Households will be assisted first-come, first-served until funds are exhausted, or March 5, 2024, whichever occurs first.
HB Flyer 2.0

 2020 Homeownership Rates

 Indiana Michigan
 White Americans 76%
 Black Americans 38% 42%
 Hispanic Americans 62% 61%
 Asian Americans 57% 62%

1 National Association of Realtors Research Group, 2022 Snapshot of Race and Home Buying in America at 8–11 (February 2022),

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