FHLBank Topeka awards $33.9 million in affordable housing grants

The Federal Home Loan Bank of Topeka awarded a record $33.9 million in Affordable Housing Program grants for 2025 to support 31 housing projects across Colorado, Kansas, Nebraska and Oklahoma, according to StreetInsider. The funding is expected to support 1,764 very low, low, and moderate income households through rental and owner-occupied housing projects.

According to StreetInsider, Kansas received $16.4 million to support 809 housing units, Colorado received $7.3 million for 416 units, Nebraska received $5.9 million for 331 units and Oklahoma received $4.3 million for 208 units. The grants are awarded through partnerships with FHLBank Topeka member financial institutions and represent 10% of the bank’s prior-year earnings.

StreetInsider reported that FHLBank Topeka also committed additional housing and community development funding in 2025, including $5 million through its Native American Housing Initiatives Grants Program and $22.6 million through its TurnKey Program.