HOPE of the Midwest (HOPE) is a consortium of banks formed in 2011 with a mission to build a brighter future for low-income communities by helping to preserve or increase the supply of safe, well-built, affordable housing through flexible financing solutions. HOPE pools funds from a network of member banks and uses this consortium structure to provide a range of loan products to multifamily affordable housing projects throughout our region.

We have recently changed our name from HOPE of Kentucky to HOPE of the Midwest. Learn More

Our Impact by the Numbers

2,500+

Units
Constructed

$278 M

Loans
Funded

106

Projects
Funded

10

Tax-Exempt Bond
Projects Funded

Zero

Losses and
Defaults

55

Member
Banks
Affordable Housing Is Important
We believe everyone deserves the right to have safe, decent, affordable housing. With the continuing effects of the global pandemic and the resulting economic downturn, many Americans can no longer afford to own their own home or rent market rate rental units. Rising housing shortages are felt all across the country – according to estimates by Freddie Mac, in the two-year period from 2018 and 2020, national housing shortage increased 52% from 2.5 million to 3.8 million units. Affordable rental units, financed with Federal tax credits, are in greater demand than ever in recent history. Most affordable complexes are fully occupied with waiting lists of applicants.