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Community Investment: AHP, 2009 Grant
Recipients
2009
Grant Recipients
The
Affordable Housing Program (AHP) was
designed to help FHLB Des Moines
member financial institutions and
their community partners develop
affordable housing for low- to
moderate-income households. Each
year FHLB Des Moines commits 10
percent of its annual net income for
the creation of rental units, the
rehabilitation of homes and the
expansion of services for
underserved populations.
Forty-one AHP grants totaling $12.6
million were awarded by FHLB Des
Moines in 2009 to assist with the
purchase, construction or
rehabilitation of affordable housing
for low- to moderate-income
households.
Click
here for a complete list of
recipients. Click
here to view the award winners
for the 2009 round.
The following is a summary of the
2009 AHP recipients by state.
|
State |
No. of Projects |
Grant Amount |
AHP Units |
Total Development Costs |
Home
Ownership Projects |
Rental Projects |
|
Iowa |
3 |
$738,300 |
115 |
$2,537,715 |
2 |
1 |
|
Minnesota |
20 |
$6,176,200 |
657 |
$77,013,060 |
5 |
15 |
|
Missouri |
12 |
$3,954,887 |
731 |
$9,907,570 |
2 |
10 |
|
North Dakota |
1 |
$100,000 |
20 |
$887,000 |
1 |
0 |
|
South Dakota |
5 |
$1,703,000 |
354 |
$13,381,222 |
4 |
1 |
|
Total |
41 |
$12,672,387 |
1,877 |
$103,726,567 |
14 |
27 |
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