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.

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.

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.

Homeownership Set-aside Program Plus (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. 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).

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.

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

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. 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.