Press Release

For Immediate Release:
January 3, 2007

Contact:
Angie Richards
515.281.1014
arichards@fhlbdm.com

Francisco Hernandez Appointed to FHLB Des Moines Advisory Council

(Des Moines, Iowa) – Francisco Hernandez, marketing specialist for Iowa Finance Authority (IFA) in Des Moines, Iowa, was recently appointed to serve on the Federal Home Loan Bank of Des Moines’ Affordable Housing Advisory Council (AHAC). His three-year term began January 1, 2007.
In his current position, Mr. Hernandez markets IFA’s housing programs to minority individuals and families throughout the state of Iowa. He coordinates outreach efforts specifically designed for ethnic groups and develops new services and improves existing approaches for assisting minorities. Mr. Hernandez works closely with businesses and agencies, both for-profit and not-for-profit, in order to deliver programs and initiatives important to the daily lives and well-being of Iowans.
Mr. Hernandez was the 2005 – 2006 co-chair of the Mortgage Loan Products Committee for the FDIC New Americans Task Force and continues being a member of the task force. He is also vice-chair of the Multilingual Committee, Iowa Disaster Human Resources. And, during the 2002 and 2005 income tax season, Mr. Hernandez provided volunteer income tax assistance through the Department of Treasury.

The AHAC advises the FHLB on housing and economic development programs and needs. Advisory council members are a diverse group of people from across the FHLB’s five-state district of Iowa, Minnesota, Missouri, North Dakota and South Dakota and typically have an extensive housing and economic development background.

Dan Buck, chief executive officer of St. Patrick Center in St. Louis, Missouri; Randy Railsback, executive director of Green Hills RPC in Trenton, Missouri; and Tonya White Mountain, loan packager for Standing Rock Housing Authority in Fort Yates, North Dakota were appointed to their first terms on the AHAC. Paul Rechlin, executive director of CommunityWorks North Dakota in Bismarck was re-appointed to another three-year term on the Bank’s advisory council.

 

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The Federal Home Loan Bank of Des Moines is a wholesale cooperative bank that provides low-cost short and long-term funding and community lending to more than 1,200 members, including commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System.