Disaster Reconstruction Program

Step-by-step Instructions for Homebuyers, Members, and Sponsors - Rehabilitation


Homebuyers

If you are household that resided in a federally or state declared disaster area in Kentucky, Ohio and Tennessee and wish to apply for Disaster Reconstruction Program (DRP) funds to repair your home, please follow the steps below:

  • File a claim with your homeowner’s insurance company;
  • Contact an FHLB member or sponsor in your area. The FHLB maintains a list of approved sponsors as that information becomes available OR contact an FHLB member by searching the Member Directory.
  • Provide the following information to the Sponsor or FHLB member within 24 months of the date of the disaster declaration:
    • Income documentation for your household;
    • Evidence of your insurance claim and any insurance payments received; and,
    • Evidence you resided in a census tract, Metropolitan Statistical Area (MSA), or County that has been declared a federal or state disaster (i.e. bank statement, pay stub, or utility bill showing the address).

At this point, the sponsor will work with an FHLB member financial institution to submit your information to the FHLB. The FHLB will review the information and contact the member with our decision within four weeks.

Members

If you are a FHLB member with an applicant, impacted by a federally or state declared disaster area in Kentucky, Ohio and Tennessee, who wishes to apply for DRP funds to rehabilitate their home, please follow the steps below:

  • Submit the Reservation Request and supporting documentation within 24 months of the date of the disaster declaration via the Disaster Reconstruction Program link through the FHLB’s Members Only portal;
  • Submit the Funding Request and supporting documentation via the Disaster Reconstruction Program link through the FHLB’s Members Only portal; and,
  • Provide the grant funds to the sponsor.

Sponsors

If you are a sponsor with an applicant, impacted by a federally or state declared disaster area in Kentucky, Ohio and Tennessee, who wishes to apply for DRP funds to rehabilitate their home, please follow the steps below:

  • Collect proof the household resided in a census tract, Metropolitan Statistical Area (MSA), or County that has been declared a federal or state disaster;
  • Collect insurance information from the household on insurance claims filed, as well as the results of those claims or collect a written statement from the applicant if they did not have homeowner or rental insurance;
  • Determine household income and complete the Certification of Household Income Eligibility form;
  • Complete a Pre-Rehabilitation Inspection form. (The FHLB version will be the only form accepted.);
  • Submit the required documentation to an FHLB Member within 24 months of the date of the disaster declaration. You may locate a member by searching the Member Directory;
  • Coordinate the repairs to be done on the home;
  • Manage the rehabilitation process, including payment of contractors*;
  • Complete the Sources and Uses Statement (Attachment A and Labor Breakdown) and provide supporting invoices and receipts to the FHLB within six months of reservation approval;
  • Provide a Post-Rehabilitation Inspection based on the scope of work in the Pre-Rehabilitation (The FHLB version will be the only form accepted.); and
  • Execute and record the FHLB’s Retention Agreement.

 

Note:  *A homeowner cannot be reimbursed for expenses already incurred and/or paid.  If the member or sponsor gives funds directly to the homeowner, they will be required to pay it back to the FHLB.