Every year, the Federal Home Loan Bank of Indianapolis’ (FHLBI) Affordable Housing Advisory Council (AHAC)—comprised of housing and community development leaders from Michigan and Indiana—helps chart the bank’s path forward on this mission. The council is a forum for knowledge sharing, policy advice, and relationship building between FHLBI members and practitioners doing the difficult work of developing communities.
Prosperity Indiana Executive Director Andy Fraizer who currently serves as chair of AHAC says, “This is an excellent opportunity to understand FHLBI and regulatory policies that govern it, find alignment, and be a resource, shaping the direction of FHLBI.”
FHLBI is accepting nominations for vacancies on its Affordable Housing Advisory Council. Interested parties should complete a nomination form.
Nominations must be received by September 30, 2017.
About the Advisory Council
The 12 members of the Advisory Council meet quarterly to confer with representatives of FHLBI’s Board of Directors on execution of the bank’s housing finance and community investment strategies in Indiana and Michigan. Members provide recommendations on matters such as low- and moderate-income housing, community investment programs in FHLBI’s district, and the use of Affordable Housing Program (AHP) subsidies, FHLBI advances, and other credit products.
Members receive a stipend for each quarterly meeting they attend and are reimbursed for travel, lodging, and meal expenses. Meetings may require overnight travel but are typically one day in length. On occasion, additional committee meetings may be required.
Advisory Council members serve three-year terms, with a maximum of two consecutive terms.
Nomination Criteria
FHLBI seeks nominees from a diverse range of community and nonprofit organizations actively involved in providing or promoting low- and moderate-income housing or community lending in Michigan and Indiana. Nominees must reside in the state they seek to represent on the Council.
For more information, visit the Affordable Housing Advisory Council page at www.fhlbi.com or contact MaryBeth Wott, First Vice President and Community Investment Officer, at 317-465-0368 or at 1-800-688-6697.
