The Affordable Housing Program (AHP) is a competitive grant award program that awards funds to projects that create or rehabilitate affordable housing. Grants are awarded for both owner occupied and rental housing projects. Households served must be at or below 80 percent of the area median income.
Applications are made by sponsors that are supporting affordable housing projects. Sponsors are typically non-profit corporations, government entities, local housing authorities and Native American Tribes. Sponsors require the support of a Federal Home Loan Bank of Des Moines member financial institution to apply for funds.
If you have questions about the program or need additional information, please contact the Community Investment Department at 800.544.3452, ext.1173.
FHLB Des Moines is proud to announce the recipients of its 2012 competitive AHP grants. Forty-two homeownership and rental projects were awarded over $10 million to create or improve 1,490 homes that will house families with children, seniors, persons with disabilities, at-risk youth, people in need of services and people who are homeless. The projects will bring quality housing to both urban and rural communities. For a list of recipients, click here.
See AHP Applications and Resources for information about the 2013 program.