Napoleon State Bank Awards $82K in Grants to Three Local Organizations

Each grant recipient was awarded $27,500.

Photo provided.

(Napoleon, Ind.) - The Napoleon State Bank has awarded $27,500 to three local organizations, totaling $82,000 in grant funds through the Community Multiplier - Member Match Program. 

The first $27,500 grant was awarded to Speranza to enhance its support services for women in recovery. The funding will provide residential and non-residential program scholarships, along with post-program assistance such as vouchers for rent, security deposits, and utility startup costs. 

Speranza is a residential recovery home located in Greensburg. 

Another $27,500 grant went to New Horizons Rehabilitation in Batesville. They provide stable, safe and secure housing for individuals with developmental disabilities. New Horizons operates 10 homes across southeastern Indiana. 

Funds from this grant will help with essential home repairs within the community living homes where their services are offered. 

The third $27,500 grant has been awarded to LifeTime Resources, Inc. in Dillsboro. The company is dedicated to promoting housing stability and overall well-being for older adults and individuals with disabilities. 

LifeTime Resources serves Dearborn, Jefferson, Ripley, Ohio, and Switzerland counties. Funds from the grant will help expand and enhance their efforts of safe housing and supportive services these individuals need to thrive. 

“We are proud to support Speranza, New Horizons Rehabilitation, and LifeTime Resources through the FHLBank Indianapolis Community Multiplier – Member Match Program,” said Joe Moorman, President of The Napoleon State Bank. “These organizations are making a tangible difference in our communities, and this funding helps them continue their essential work of providing stability, dignity, and hope to those they serve.”

About the Community Multiplier - Member Match Program

The Community Multiplier – Member Match program is FHLBank Indianapolis’ newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis’ other grant programs. Community Multiplier offers grants between $25,000 and $125,000 for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000. The program opened March 27, 2025, with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted.