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Community Investment: AHP, Urban First-Time Homebuyer Fund


2008 Urban First-Time Homebuyer Fund

FHLB Des Moines has suspended its 2008 Urban First-Time Homebuyer Fund program. The Bank is transferring the $1.0 million from this program into funding for the current Affordable Housing Program round.


2007 Urban First-Time Homebuyer Fund

In 2007, FHLB Des Moines awarded 22 members $1 million in funds. For further information about our 2007 recipients, see below.

For a summary of 2007 Urban First-Time Homebuyer Funds by state...

For a complete listing of 2007 Urban First-Time Homebuyer recipients...

2007 Urban First-Time Homebuyer Fund Forms Document Type (Word or PDF)
Program Guidelines Word PDF
Attachment A: Definitions and Acronyms Word PDF
Income Determination Guidelines Word PDF
Instructions for Submitting a Certification & Draw Request Word PDF
Certification & Draw Request
revised January 2008
Word PDF
Checklist for a Successful UFTHF Program Word PDF
 

2006 Urban First-Time Homebuyer Fund

In 2006, FHLB Des Moines awarded 49 members $2.3 million in funds. For further information about the 2006 recipients, see below.

For a summary of Urban First-Time Homebuyer Funds by state...

For a complete list of 2006 Urban First-Time Homebuyer recipients...

For more information about the Urban First-Time Homebuyer Fund...

2006 Urban First-Time Homebuyer Fund Forms Document Type (Word or PDF)
Program Guidelines
amended December 13, 2006
Word PDF
Attachment A: Definitions and Acronyms Word PDF
Income Determination Guidelines Word PDF
Certification & Draw Request Form
revised January 2008
Word PDF
Checklist for a Successful UFTHF Program
revised December 2006
Word PDF
 

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.
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