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Affordable Housing Program


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
 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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