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Homeownership Set-aside Program Plus (HSP+)

Federal Home Loan Bank of Topeka · Kearny County, Kansas

Last verified
See what you qualify forOfficial program site →
Assistance

$2,500–$25,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is Homeownership Set-aside Program Plus (HSP+)?

Homeownership Set-aside Program Plus (HSP+) is a grant for homebuyers in Kearny County, Kansas, administered by Federal Home Loan Bank of Topeka.

  • HSP+ is FHLBank Topeka's enhanced TurnKey set-aside offering a larger subsidy for first-time homebuyers in designated high-cost and non-metropolitan difficult development areas within its four-state district. It provides down payment, closing cost, and purchase-related repair assistance to households at or below 80% AMI as a forgivable grant with a 5-year retention period. In Kansas, HSP+ is currently limited to Kearny County.
  • Up to $25,000 forgivable grant.
  • Larger subsidy for high-cost/difficult development areas.
  • Covers down payment, closing costs, and repairs.
  • Forgivable after 5 years.
  • Funding comes from FHLBank Topeka Affordable Housing Program (AHP) set-aside.

How much assistance does it provide?

Homeownership Set-aside Program Plus (HSP+) offers between $2,500 and $25,000 in assistance.

  • Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Topeka determines any individual award.

Do you have to pay it back?

Homeownership Set-aside Program Plus (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.

Who qualifies?

Homeownership Set-aside Program Plus (HSP+) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Property must be in a qualifying high-cost / non-metro difficult development area; in KS currently only Kearny County. Cannot be stacked with other TurnKey programs. 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 ($1.5M available 2026). Unconfirmed: min_credit_score, max_dti, lien_position, eligible_products.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Homeownership Set-aside Program Plus (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 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.

Where does it apply?

Homeownership Set-aside Program Plus (HSP+) serves buyers purchasing in Kearny County, Kansas.

How do you apply?

Applications for Homeownership Set-aside Program Plus (HSP+) go through Federal Home Loan Bank of Topeka, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Federal Home Loan Bank of Topeka to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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