Federally Declared Disaster Areas
If you are located in a Federal
Disaster Area, you may be eligible
for a
Community
Investment Advance. For more
disaster related information, visit
the
FEMA website. Once there, scroll
down to the U.S. map and select your
state from the drop-down menu.
Members in Federal Disaster Area
Eligible
for Community Investment Advances
FHLB Des Moines members located in a
Federal Disaster Area are eligible
for Community Investment Advances
which can be used to help finance
repair or reconstruction of
residences or businesses damaged by
disasters. These advances can be
used to fund conventional or
short-term loans for households or
businesses located in a Federally
Declared Disaster Area. The standard
requirements of FHLB’s credit and
collateral policies apply to these
special advances which can be
obtained for terms from 6 months to
20 years.
The FHLB’s per
member limit of the greater of 15%
of non-Community Investment Advances
or $5 million is being waived for
any member borrowing funds for a
Federally Declared Disaster Area.
For more information, please call
the Community Investment Department
at 800.544.3452 ext. 1173. For a
list of designated disaster areas,
visit the FEMA website at
www.fema.gov. Once there scroll
down to the U.S. map and select your
state from the drop down menu.
