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Community Investment: AHP, 2008 Grant
Recipients
2008
Grant Recipients
$7.3 Million Awarded
in AHP Grants
Member financial institutions and
community development organizations
partnered to receive more than $7.3
million in Affordable Housing
Program (AHP) grants. The funds,
which will provide construction,
down payment, closing cost or
rehabilitation assistance to 25
projects, will have an economic
impact of over $55.3 million on
communities throughout the Bank’s
five-state district. In addition,
more than 1,070 units of affordable
housing will be assisted with the
grants.
Click
here for a complete listing of
Round A recipients.
The following is a summary of the
most recent AHP recipients by state:
|
State |
Projects |
Grants |
AHP Units |
Development Cost |
Home
Ownership Projects |
Rental Projects |
Rural Projects
|
|
Iowa |
7 |
$1,253,000 |
232 |
$1,480,094 |
7 |
0 |
7 |
|
Minnesota |
5 |
$1,912,327 |
414 |
$33,428,301 |
1 |
4 |
2 |
|
Missouri
|
8 |
$2,604,256 |
225 |
$4,088,332 |
1 |
7 |
7 |
|
North Dakota |
3 |
$1,193,000 |
144 |
$15,627,661 |
0 |
3 |
2 |
|
South Dakota
|
2 |
$375,000 |
56 |
$718,234 |
1 |
1 |
2 |
|
Total
|
25 |
$7,338,083 |
1,071 |
$55,342,622 |
10 |
15 |
20 |
|
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The number of
units to be assisted
with AHP funds is listed
for each grant. Please
note the
total number of
AHP-assisted units
provided may differ from
the number of units in
the
overall project. |
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