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2024 Homebuyer Grants

There’s HOPE for Homebuyers: FHLB's HSP and HOPE Grant Programs

2024 Homebuyer Grants

Exciting news for prospective homeowners in Nebraska! The Federal Home Loan Bank (FHLB) is reopening its Homeownership Set-Aside Program (HSP) and introducing a new grant program - the Homeownership Possibilities Expanded (HOPE) Program on March 4, 2024.

FHLB HSP First-Time Homebuyer Grant

The FHLB's HSP grant program is specifically designed to support first-time homebuyers. The maximum subsidy per household stands at $15,000, while the minimum subsidy is set at $2,500. To qualify for this program, applicants must have a household income that does not exceed 80% of the area median income. A homebuyer education course is required as part of this program.

This program provides subsidies for down payment and/or closing cost assistance for eligible first-time homebuyers. Once the funds are available, reservations will be accepted on a first-come, first-serve basis and are subject to qualification.


The new HOPE program, also opening on March 4, 2024, expands its reach beyond first-time homebuyers. This program provides access to the “missing middle” or homebuyers that do not traditionally receive support but need assistance with down payment, closing costs or other eligible repairs. HOPE is NOT limited to first-time homebuyers and household income must be at, or below 150% of the Area Median Income (AMI), with a minimum subsidy per household of $2,500 and a maximum subsidy of $12,500.

Like the HSP program, reservations for the HOPE program will also be accepted on a first-come, first-serve basis, subject to qualification.

Accepting Pre-Approvals Now!

Apply now to see if you are eligible! The announcement of available funds is expected in mid-late February, so stay tuned and prepare to seize this opportunity when reservations open on March 4, 2024.

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