Homeownership Set-aside Program (HSP)

Homeownership Set-aside Program (HSP) is a grant for homebuyers in Kansas, administered by Federal Home Loan Bank of Topeka. The Homeownership Set-aside Program (HSP) is part of FHLBank Topeka's TurnKey suite, funded annually within its Affordable Housing Program. It provides down payment, closing cost, and purchase-related repair assistance to first-time homebuyers in CO, KS, NE, or OK. Funds are advanced through participating FHLBank member institutions as a forgivable grant with a 5-year retention period. Up to $15,000 forgivable grant. Covers down payment, closing costs, and purchase-related repairs. Forgivable after 5 years. Available across CO, KS, NE, OK. Funding comes from FHLBank Topeka Affordable Housing Program (AHP) set-aside.

Homeownership Set-aside Program (HSP) offers between $2,500 and $15,000 in assistance. Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Topeka determines any individual award.

Homeownership Set-aside Program (HSP) is structured as a grant, so it is not repaid. Repayment is triggered by Sale or refinance within the 5-year retention period (Real Estate Retention Agreement); prorated repayment may apply. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Homeownership Set-aside Program (HSP) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required. Multi-state (CO/KS/NE/OK); this row is the KS instance. Homebuyers cannot apply directly; must work with a participating FHLBank Topeka member. Homebuyer education required. 2026 program opened 3/2/2026; first-come, first-served through 9/30/2026 ($14,291,966.76 available 2026).

Homeownership Set-aside Program (HSP) limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% AMI (FHLBank Topeka annual 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 Set-aside Program (HSP) serves homebuyers purchasing anywhere in Kansas.

Applications for Homeownership Set-aside Program (HSP) 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.