2008
Rural
Homeownership
Fund
FHLB Des
Moines
awarded
a total
of $1.0
million
to 42
communities
through
the
Rural
Homeownership
Fund (RHF).
The Bank
received
125
applications
totaling
$3.0
million
for the
2008
program.
Member
financial
institutions
throughout
the
Bank’s
five-state
district
can use
the
grants
to
provide
down
payment,
closing
cost,
counseling,
or
rehabilitation
assistance
to
individuals
and
families
in their
communities.
Eligible
households
purchasing
owner-occupied
units in
rural
locations
can
qualify
for
funding.
For a
summary
of
RHF by
state….
For a
complete
list of
2008 RHF
recipients…
2008 Program
Guidelines
and
forms
for this
program
are
below.
|
2008 Rural Homeownership Fund Forms* |
Document Type
(Word, PDF or Excel)
|
| Rural Homeownership Fund Program Guidelines |
Word |
PDF |
|
Checklist for a
Successful RHF Program |
Word |
PDF |
| Certification & Draw Request Form |
Word |
PDF |
| Instructions for Submitting a Certification and Draw Request |
Word |
PDF |
| Calculation of Income Worksheet |
Excel |
|
| Income Determination Guidelines for Owner-Occupied Projects |
Word |
PDF |
| Definitions and Acronyms |
Word |
PDF |
|
*You may use these forms to submit Draw Requests from the 2006 and 2007 programs; however, deadline dates for submission of the Certification & Draw Request apply only to the 2008 Rural Homeownership Fund.
If you are uncertain of deadline dates for submission of a Certification & Draw Request from the 2006 and 2007 programs, please see program guidelines for the 2006-2007 Rural Homeownership Fund Forms and Recipients (see link below) or call the Bank at 800.544.3452, ext. 1173. |
Additional
Forms
Please
see the
Owner-Occupied
section
of the
Affordable
Housing
Program
Grant
Recipient
Form
page for
additional
forms
for this
program.
These
include:
2006 -
2007
Rural
Homeownership
Fund
Forms
and Recipients
For
information
on past
RHFunds...
2008 HUD Income Guidelines
Income Guidelines for AHP Rental
or Homeownership projects. All documents are PDFs.
"Very
low
income"
is
defined
as 50%
AMI and
"low-income"
is
defined
as 80%
AMI.
2008
MRB
Income Levels
Only
for owner-occupied
units. All
documents
are PDFs.
2008 Native American Housing Assistance
and
Self-Determination Act (NAHASDA) Income Limits
Posted
May 12,
2008
Iowa
Finance
Authority
AHP
Rural
Down
Payment
Assistance
Program
Iowa
Members
OnlY
On
June 8,
2007,
the Iowa
Finance
Authority
(IFA)
announced
that
there
are FHLB
Rural
Down
Payment
Assistance
loan
funds
available
to all
IFA
Participating
Lenders
through
its IFA
AHP
Rural
Down
Payment
Assistance
loan
program.
Although
IFA
listed
the FHLB
Des
Moines’
Rural
Homeownership
Fund,
Urban
Homeownership
Fund,
and
Urban
First-time
Homebuyer
Fund as
additional
approved
subsidy
programs,
these
programs
may not
be used
in
conjunction
with the
IFA AHP
Rural
Down
Payment
Assistance
loan
funds.
To
review
the
entire
announcement
that was
faxed to
our Iowa
members,
click
here.
