FHLB Cincinnati Disaster Reconstruction Program


The Federal Home Loan Bank of Cincinnati, through their Disaster Reconstruction Program (DRP), is offering homeowners who suffered damage during the Memorial Day tornadoes up to $20,000 to make repairs or purchase a new home. Note: These are grants – not loans – and do not have to be paid back if the resident remains in the home for five years.  Renters who live in the affected areas could be eligible for $5,000 to purchase a home.

Allowable expenses include construction, acquisition, or repair of a primary residence which must be a single-family detached home or manufactured home permanently attached to a fixed foundation and taxed as real property where the applicant is the owner of record. FHLB funds cannot be used for expenses covered by insurance or state or federal emergency management agencies.

To be eligible:

  • You must live in a county affected by the storms and tornadoes.
  • You must use the new or repaired home as your primary residence.
  • You must make less than $68,700 per year, if your family in the home includes 1-2 people. If your family is larger, you can make up to $79,005 per year.

Other limitations to the program may apply.

For more information about the Disaster Reconstruction Program, contact Laura Gaffin at FHLB Cincinnati, 513-852-7086 or gaffinlm@fhlbcin.com. For repair assistance, call 937-250-7911. If you are a renter interested in purchasing a home, contact a participating FHLB member including Huntington Bank, 513-639-3006, or KeyBank , Laura Sandmann, 513-830-1261.