Bank's Grants to Help Tornado Victims

May 14, 2012

Banks typically don't give money away, but one lender is doing just that to help Kentucky tornado victims. The Federal Home Loan Bank of Cincinnati has a program in which homeowners and renters who were displaced or who suffered damage to their primary homes might be eligible for grants of as much as $20,000 toward the purchase, construction or repair of a home. Because these are grants, the money doesn't have to be repaid.