FHLB Cincinnati Disburses $10 Million in Grants for Disaster Recovery

Grants assisted 729 households rebuild after declared natural disasters

The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) announced today that its Disaster Reconstruction Program (DRP) reached a major milestone—surpassing $10 million in disbursed funds to assist 729 households across Kentucky, Ohio and Tennessee. Established in 2012, the DRP provides grants to homeowners and renters whose primary residences have been damaged or destroyed by federally or state-declared natural disasters.

Funded through voluntary contributions from FHLB Cincinnati, the DRP offers up to $20,000 for homeowners and $10,000 for displaced renters to help with reconstruction, acquisition or repair costs. The program has supported recovery efforts across multiple states, including areas impacted by tornadoes, floods, and severe storms. Examples of support include assistance to Kentucky families rebuilding after devastating flooding in Eastern, Ky. and Dayton residents who were impacted by the Memorial Day tornadoes in 2019.

"The Disaster Reconstruction Program embodies our mission of building stronger communities," said Andy Howell, President & CEO, FHLB Cincinnati. "By helping families return to safe, stable homes after devastating events, we're not only restoring structures but also hope and stability. Reaching $10 million in assistance reflects the commitment of our member institutions and the power of those partnerships in times of need."

Currently, the program has $3.9 million available to assist qualified households. For more information about the Disaster Reconstruction Program, including eligibility details, visit www.fhlbcin.com or contact Jill A. Cravens, Housing and Community Investment Officer, or Dawn E. Grace, Vice President of Housing and Community Investment, toll-free at 888-345-2246.