Southfield, MI - November 21, 2022  — The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis or the Bank) announced  that $7.24 million in affordable housing grants will be awarded to 17 affordable housing developments in Indiana and Michigan through the Bank’s 2022 Affordable Housing Program (AHP). The Residences at St. Matthew, sponsored by Catholic Charities of Southeast Michigan, was one of seven Michigan projects selected to receive $500,000. The funds will be used to support the acquisition, construction or rehabilitation of properties for use as affordable homes. To learn more about the residences at St. Matthew, click here

###