Member and Sponsor Instructions
Refer to the Instructions for guidance on project administration and the use of forms. Call the Community Investment Department at 800.544.3452, ext. 1173 for additional assistance.
Subsidy Transfer Request Form
Submit a Transfer Request form to FHLB Des Moines with each request for funds. The form must be signed by an authorized signer of the member financial institution supporting the AHP project.
Monitoring Spreadsheets by Project Type
All households assisted in an AHP project must be identified on an applicable project spreadsheet. The spreadsheet will also provide information about the household and AHP assistance received that is needed for project monitoring.
Feasibility Review Workbook
Refer to the Instructions for examples of completed Workbooks. Workbooks are completed for AHP applications and for project monitoring to identify sources and uses of funds in the project, need for AHP subsidy and project feasibility.
Construction or Rehabilitation Cost Certification
Itemization and cost certification for construction or rehabilitation costs in development projects including new construction and acquisition-rehabilitation.
Income Guidelines, Calculation of Income, and Limits
Refer to FHLB Des Moines Income Determination Guidelines and HUD’s HOME Program Guidelines for help in determining qualifying income sources for a household. Use the Calculation of Income Worksheet Instructions for help in calculating income and completing the Calculation of Income Worksheet. When determining income eligibility refer to the applicable Income Limits.
Retention Agreement (Deed Restriction)
A legally enforceable deed restriction with a term of five years must be executed by each assisted household. The forms provided below are for use on fee simple land and on tribal trust land. Additional forms are available on request for mobile homes or for use with land trusts.
Important: FHLB Des Moines expresses no opinion and makes no representation as to the validity or enforceability of these retention documents in each state. Please consult an attorney to ensure this document meets the requirements for a deed restriction or other legally enforceable retention agreement or mechanism in the applicable state.
*Please visit the Native American Homeownership Initiative (NAHI) program page for a Retention Agreement for tribal trust land in that program.
Recapture of Funds
A form is provided to assist in calculation of recapture of subsidy provided in an AHP project upon the sale or refinance of a home (includes RHF, UFT and NAHI down payment projects). This form calculates the amount of subsidy that has not been forgiven at the date of sale or refinance. This must be paid from any net gain (i.e. net proceeds). To the extent that there is no net gain, no recapture is due. In a refinance no recapture is due if the Deed Restriction will remain in place following the refinance. A Subordination form for that purpose is provided.
Extension Request
