Federal Home Loan Bank of Indianapolis presents annual Community Spirit Award to Michigan lender for affordable housing achievements

Core Points - The Federal Home Loan Bank of Indianapolis awarded Jason Blain the 2025 Community Spirit Award for his contributions to affordable housing and community development in Michigan [1][2] - The Affordable Housing Program (AHP) has provided over $9 billion in subsidies since 1990, impacting more than one million households [5] - In 2025, FHLBank Indianapolis allocated $29.6 million to its competitive AHP [5] Company Contributions - Jason Blain has led investments in eight Affordable Housing Program projects, facilitating approximately $4.5 million in grants [3] - His efforts have resulted in financing for over 500 units of affordable housing [4] - Blain's partnership with community development financial institutions (CDFIs) has enhanced access to low-cost capital through the CDFI Rate Buydown program [3][4] Community Impact - FHLBank Indianapolis will make a $5,000 charitable donation to a nonprofit of Blain's choice, supporting Homes Giving Hope and Dream Team Northern Michigan [6] - The Community Spirit Award has recognized leaders in affordable housing since 2007, highlighting innovative strategies and commitment to community development [2] Organizational Overview - Independent Bank Corporation, the employer of Jason Blain, has total assets of approximately $5.3 billion and operates across Michigan [9] - FHLBank Indianapolis is part of the Federal Home Loan Bank System, focusing on providing low-cost funding to member financial institutions [10]