Homeownership Possibilities Expanded (HOPE)

Homeownership Possibilities Expanded (HOPE) is a grant for homebuyers in Kansas, administered by Federal Home Loan Bank of Topeka. HOPE is FHLBank Topeka's voluntarily funded TurnKey down payment assistance product targeting moderate-income 'missing middle' homebuyers. It provides down payment, closing cost, and purchase-related repair assistance to buyers earning at or below 115% AMI in CO, KS, NE, or OK. Unlike HSP, HOPE is not limited to first-time homebuyers. Funds are advanced through participating members as a grant with a 5-year retention period. Down payment, closing cost, and repair assistance. Open to non-first-time homebuyers. Higher 115% AMI ceiling. Available across CO, KS, NE, OK. Funding comes from FHLBank Topeka voluntary contribution (5% of prior year's earnings).

Homeownership Possibilities Expanded (HOPE) is structured as a grant, so it is not repaid. Repayment is triggered by Sale or refinance within the 5-year retention period; current homeowners must sell their primary residence (no conversion to rental). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Homeownership Possibilities Expanded (HOPE) is open to homebuyers who will live in the home as their primary residence. Multi-state (CO/KS/NE/OK); this row is the KS instance. Min subsidy $2,500; max set by member based on allocation and need. Must work with a participating FHLBank Topeka member with a HOPE allocation. Current homeowners must sell existing primary residence. 2026 program opened 3/16/2026 through 9/30/2026 ($6,330,000 available).

Homeownership Possibilities Expanded (HOPE) limits household income to 115% of the area median income, which varies by county and household size. Household income at or below 115% AMI (FHLBank Topeka TurnKey income limits). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Homeownership Possibilities Expanded (HOPE) serves homebuyers purchasing anywhere in Kansas.

Applications for Homeownership Possibilities Expanded (HOPE) go through Federal Home Loan Bank of Topeka, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.