The Carol M. Peterson Housing Fund Opens February 3

January 23, 2025

The FHLB is pleased to announce the Carol M. Peterson Housing Fund (CMPHF) will open at 10:00 a.m. ET on February 3, 2025 with $10 million in available funding. The CMPHF offers grants between $5,000 to $20,000 per household to fund home repairs for special needs and low-income homeowners age 60 and over. Grant funds will be reserved on a first-come, first-served basis until all funds have been reserved.

Below is an abbreviated list of the program guidelines:

  • Special needs and/or persons aged 60 and over;
  • The total income for all occupants must be at or below 60 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located;
  • The applicant must have an ownership interest in the property to be repaired;
  • May be a single-family detached, eligible two-family or qualified manufactured home;
  • Must be located within Kentucky, Ohio or Tennessee; and,
  • Must be used as the homeowner’s primary residence.

All 2025 program resources are now available.

Our members and sponsors (non-profit organizations) utilize this program to assist special needs and aging households in the communities they serve by making their home more habitable and safer. Between its inception in 2010 and the end of 2023, the CMPHF program has disbursed more than $20 million on behalf of more than 2,700 households.

Please contact the Housing and Community Investment Department at 888-345-2246 with any questions.