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Bank and nonprofits detail $20,000 Revive home‑repair grants and free homebuyer workshops
Summary
National Bank of Indianapolis, HUD‑certified counselors and community groups outlined a Federal Home Loan Bank grant program called Revive that starts May 15 and described ongoing HUD‑certified homebuyer classes and a May 3 senior symposium for homeowners and older adults.
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The HOPE Team and partner organizations on Wednesday briefed attendees on Revive, a Federal Home Loan Bank‑backed home repair grant program that will open May 15 and offers up to $20,000 per eligible household for repairs such as roofs, HVAC and plumbing.
The information matters because the Revive grants and the partner organizations’ homebuyer education aim to help low‑ and moderate‑income homeowners afford critical repairs and to improve access to homeownership resources in Marion County and across Indiana.
Kim Boyd, founder and president of the HOPE Team, introduced the program and invited partners to explain eligibility and application logistics. Dolores Kennedy, who runs recurring homebuyer workshops in partnership with Awaken Today, said the workshops teach budgeting, credit repair, mortgage basics and post‑purchase counseling and are HUD‑certified. “It’s free,” Myra Lillard, identified as the HUD‑certified housing counselor who helps deliver the classes, told the meeting.
Sharla Osuma Rios, Community Development Officer at the National Bank of Indianapolis, and Andy Engel, a mortgage originator with the bank, said Revive will be offered statewide in Indiana and in Michigan through member banks starting May 15 and will operate on a first‑come, first‑served basis. Engel said the program provides up to $20,000 per household and that member banks may submit initial requests of up to $200,000; banks may submit additional requests after initial approval.
Organizers listed required documents applicants should gather now: two years of W‑2s or tax returns (e.g., 2022 and 2023 or 2023 and 2024), 30 days of recent pay stubs (or equivalent documentation), Social Security award letters for recipients of those benefits, current mortgage statements if applicable, proof of homeowners insurance, and a copy of the deed if the property is owned free and clear. Engel and Rios emphasized that all working household members’ income must be reported and that applicants should expect to supply legible, verifiable documentation.
Kennedy and Rios said applicants must obtain two independent contractor bids for any work requested and that contractors must understand there is no upfront payment from the program; payments are made after work is completed and processed through the grant. Rios warned that last year the funds were exhausted quickly and advised homeowners to compile paperwork early.
The partners also promoted related events and classes. Kennedy said Awaken Today offers HUD‑certified homebuyer education sessions held in the evenings (the second Tuesday and third Thursday each month) and periodic full‑day sessions; a one‑day certification session is scheduled at Zion Hill Baptist Church (5950 E. 46th St.). Kennedy said the group will host a Senior Living Symposium on May 3 at Eastern Star Main Campus on East 30th Street from 9 a.m. to 1 p.m. where contractors, inspectors and Bank of Indianapolis staff will be available.
For people who want to prepare now, Kennedy said applicants should start assembling tax returns, pay stubs and insurance and mortgage documents because the application window will move quickly. She added that Awaken Today will post detailed eligibility and application materials on its website: awakentoday.org.
Organizers left business cards and paper information at the back table and invited attendees with questions to contact Dolores Kennedy, Myra Lillard, or the National Bank of Indianapolis staff present at the meeting.
The meeting included a brief question-and-answer period in which attendees asked whether the program covers gutters and whether funding is limited to single‑family homes; presenters said some items were removed from the program’s eligible list this cycle and recommended applicants confirm specific eligible scope when they submit documents.
The HOPE Team emphasized that the Revive program and the HUD‑certified education are intended to be proactive resources for residents to preserve homeownership and improve housing conditions.
Awaken Today and National Bank of Indianapolis will provide application materials and updates to the HOPE Team for distribution to attendees and the HOPE Team’s contact list.
