2012 Native American Homeownership Initiative
 

Native American Homeownership Initiative Funds Available Beginning January 3, 2012

Effective January 3, 2012, FHLB Des Moines will allocate $200,000 of its annual Affordable Housing Program contribution to members to help eligible Native American households purchase single family owner-occupied properties.

Enrollment begins January 3, 2012 and reservations will be available on a first come, first served basis until December 31, 2012. All reservations will expire by March 31, 2013. Each member may reserve up to $20,000 at a time for up to 90 days. Members with an allocation of NAHI funds from any previous year must disburse those funds before they can reserve funds in the current program. Funds not disbursed at the end of 90 days will be made available to all members for reservation.

For those members with 2011 commitments, all requests for reimbursement must be received by December 31, 2011 for commitments that expire on or before that date, and by March 30, 2012 for commitments that expire after that date. Members that received commitments in 2011 will not be able to enroll in the 2012 program until those commitments have expired or funds are reimbursed.

If you have any questions about the program, please contact Evelyn Bengtson at 800.544.3452, ext. 1064.
 

For a list of members enrolled in the 2011 NAHI program, click here.

Please read the Program Guidelines for 2012.
 

Please see the AHP Homeownership Forms page for additional resources, documents and forms. This includes instructions for income qualification, sample retention documents and forms for subordination or recapture of subsidy.

• *Income Determination Guidelines for Owner Occupied Projects and
  Calculation of Income Worksheet Instructions for calculation of borrower
  household income
   

• Retention Agreement (Deed Restriction) For use on fee simple land
   

• Subordination Agreement for subordination of Retention Agreement
   

• Forms for recapture of subsidy

Income Guidelines and Purchase Price Limits

• HUD Income Guidelines

• MRB Income Limits

• NAHASDA Income Limits

• Maximum Purchase Price Limits