Community Investment: AHP,
Homeownership Forms
Member and Sponsor
Instructions
2009A Member Instructions
2009A Sponsor Instructions
2009A Power Point Instruction
Manual
Subsidy Transfer Request
To draw funds for an
Affordable Housing Program (AHP)
grant award, please submit a Subsidy
Transfer Request Form and any other
documentation specified on the
Subsidy Transfer Request checklist,
including applicable sections of the
Feasibility Review Workbook and
project monitoring spreadsheets. For
assistance call the Community
Investment Department at
800.544.3452, ext. 1173.
Subsidy Transfer Request
Form
This form must be signed by
an authorized individual at
the member bank.
Feasibility Review
Feasibility Review Workbook
- Exhibit 1
Includes tabs for Exhibits
I-A, I-B, III and IV.
Sponsors should complete
Exhibits III and IV for all
units in the project to
ensure the need for AHP
funds and that the funded
unit meets AHP feasibility
guidelines. For development
projects and down payment
and closing cost assistance
projects, please complete
Exhibit I-A; for Habitat for
Humanity projects, please
complete Exhibit I-B.
Monitoring Spreadsheets by Project
Type
Please provide information on
completed units using one of the
project spreadsheets below. Use the
appropriate spreadsheet for the
appropriate project type. These
spreadsheets are for projects in the
2009A Round. If you require
spreadsheets for earlier rounds
contact the Community Investment
Department at 800.544.3452, ext.
1173.
Development Projects
For projects including new construction and/or
acquisition with
rehabilitation for resale.
Habitat for Humanity Projects
For any development projects
with developer financing for
a homebuyer at or
below market interest rate.
Includes but is not limited
to Habitat projects.
Down Payment & Closing Cost
Assistance Projects
Owner-Occupied Rehab Projects
Income Calculation
Complete a Calculation of
Income Worksheet for each
unit served, including
household
income certification signed by the
sponsor/member and the
household served.
Calculation of Income
Worksheet
Calculation of Income
Worksheet Instructions
Income Determination
Guidelines
Guide for Determining Income
and Allowances For the HOME
Program *
* Please refer
to FHLB Des Moines Income Determination
Guidelines listed above or
HUD’s HOME Program
Guidelines for help in
calculating qualifying
income for a household. If
you need additional
assistance, please call the
Community Investment
Department at 800.544.3452,
ext. 1173.
Retention Agreements
(Deed Restrictions)
Each unit assisted in a
homeownership project is
subject to a five year deed
restriction. The
owner of each unit must
enter into an agreement that
will be recorded and filed
in the appropriate
jurisdiction by the member
or sponsor.
Homeownership Project
Retention Agreement
Retention Agreement for
Native American Tribal Trust
Land
(for use with AHP Projects*)
Subordination Agreement
Important: FHLB Des
Moines expresses no opinion
and makes no representation
as to the validity or
enforceability of these
retention documents in your
state. Please
consult your attorney to
ensure this document meets
the requirements for a deed
restriction or other legally
enforceable retention
agreement or mechanism in
your state.
* Please visit our
Native American
Homeownership Initiative
(NAHI) Program page if you
would like to complete a
Retention Agreement for that
program.
Miscellaneous Forms
Homeownership Extension Request
Request for extension of time to
complete an AHP project.
Calculation of Recapture of
AHP/RHF Funds (Automatic/Excel)
Calculation of Recapture of
AHP/RHF Funds (Manual/PDF)
For recapture of subsidy used in
any AHP project or homeownership
set-aside project, including RHF, UFT and NAHI.
