First Federal Savings Bank, a member bank of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded Habitat for Humanity $27,500 in grant funds through the Community Multiplier – Member Match Program.
A press conference and check presentation ceremony were hosted on Wednesday, April 9 at 3:30 PM CST at First Federal Savings Bank’s corporate headquarters located at 5001 Davis Lant Drive Evansville, IN 47715.
The $27,500 grant will support Habitat for Humanity’s educational assistance programs for current and prospective homeowners.
“We are proud to partner with Habitat for Humanity in support of their educational assistance programs for current and prospective homeowners,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Homeownership is a cornerstone of financial stability, and by investing in these programs, we are helping individuals and families build stronger, more secure futures. This partnership reflects our ongoing commitment to empowering communities through financial education and support.”
Beth Folz, Executive Director of Habitat for Humanity of Evansville stated “We were excited to hear from First Federal Savings Bank that we had been selected to receive this wonderful grant from the Community Multiplier program. We are thrilled for the future Habitat homeowners who will be impacted by the financial education programs that we can offer due to this tremendous support.”
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. The program opened March 27, 2025 with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
