First Internet Bank Secures $125,000 Grant for Indianapolis Neighborhood Housing Partnership
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bank announced today that it has assisted the Indianapolis Neighborhood Housing Partnership (INHP) in securing a $125,000 grant from the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) through its new Community Multiplier–Member Match program.
'We commend FHLBank Indianapolis for its novel approach. In addition to partnering with member banks and not-for-profits, they invest ten percent of their annual net earnings back into affordable housing and community development-related initiatives,' said Nicole Lorch, First Internet Bank President and Chief Operating Officer and INHP board member. 'We are passionate about creating pathways to affordable housing in and around the city where so many of our employees and customers reside. This grant further enables INHP to provide critical counseling services that help transform lives and enhance our neighborhoods.'
The grant will support INHP's housing counseling programs that help renters and aspiring homebuyers in Marion County (Indiana) overcome barriers to homeownership.
'FHLBank Indianapolis' innovative Community Multiplier funding program and First Internet Bank's commitment to unlocking $125,000 in matching grant dollars will be instrumental toward INHP increasing affordable and sustainable housing opportunities in our community,' said Gina Miller, president and CEO at INHP. 'Through their partnership, many hardworking Indianapolis residents will be making the dream of homeownership a reality – even during a nationwide housing affordability crisis.'
The Community Multiplier–Member Match program, launched on March 27, 2025, provides grants between $25,000 and $125,000 to not-for-profit organizations headquartered in Indiana or Michigan that partner with FHLBank Indianapolis member financial institutions on targeted affordable housing initiatives. The program requires a 10% matching fund commitment from the member financial institution.
To learn more about First Internet Bank, please visit firstib.com. For more information about INHP's affordable housing solutions, please visit inhp.org.
About First Internet Bank
First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $5.8 billion as of March 31, 2025, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.
About Indianapolis Neighborhood Housing Partnership
The Indianapolis Neighborhood Housing Partnership (INHP) creates affordable housing solutions for people with low and moderate incomes, and collaborates to enhance quality of life in Indianapolis neighborhoods. INHP supports people by providing homebuyer and financial education, one-on-one homeownership advising, home purchase and home repair lending, and housing stability programming for renters participating in economic mobility initiatives. As a Community Development Financial Institution (CDFI) INHP also supports the creation or preservation of affordable housing through investments in affordable housing development, land banking, community lending and grantmaking. For more information, visit INHP.org.
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