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Utah
State Financial Highlights Community Impact
Member Types
Banks
22
Thrifts
0
Credit Unions
14
Insurance Companies
3
Community Development Financial Institutions
0
Total Members
39
Advances
$1.5 B
Mortgage Loans, net
$850,329
Total Competitive Affordable Housing
$12.6 M
Total Set-aside Grants
$7.8 M
Total Community Investment Advances
$217.5 M

Project Name:

500 West Bridge

Member:

Wells Fargo Bank Northwest, N.A.

Sponsor:

Artspace

Grant Amount:

$770,000

Number of Units:

62

Total Development Costs:

$12.3 M

The 500 West Bridge Project involved two-phases of development, including new construction and renovation of an abandoned building. The AHP grant was used to help fund the new construction of the development and created 62 units of affordable apartments for individuals earning up to 55% of area median income. One unit is set aside for a formerly homeless family. Street-level commercial spaces are home to an art gallery, a community writing center, a coffee shop, retail stores, and non-profit organizations.

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Missouri
State Financial Highlights Community Impact
Member Types
Banks
248
Thrifts
15
Credit Unions
29
Insurance Companies
18
Community Development Financial Institutions
0
Total Members
310
Advances
$17.3 B
Mortgage Loans, net
$2.6 B
Total Competitive Affordable Housing
$59.6 M
Total Set-aside Grants
$5.0 M
Total Community Investment Advances
$2.2 B

Project Name:

Home Repair Program

Member:

St. Louis Community Credit Union

Sponsor:

Community Action Agency of St. Louis, Missouri

Grant Amount:

$300,000

Number of Units:

40

Total Development Costs:

$300,000

Community Action Agency of St. Louis, Missouri (CAASTLC) used an FHLB Des Moines Affordable Housing to compliment its Low Income Weatherization Program as a referral source for homeowners to receive funds to make needed repairs. The home repair program would allow homeowners, who would otherwise be rejected for weatherization, to obtain necessary home repairs.

 

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Washington
State Financial Highlights Community Impact
Member Types
Banks
37
Thrifts
10
Credit Unions
33
Insurance Companies
1
Community Development Financial Institutions
1
Total Members
82
Advances
$4.5 B
Mortgage Loans, net
$75.7 M
Total Competitive Affordable Housing
$74.8 M
Total Set-aside Grants
$12.6 M
Total Community Investment Advances
$1.8 B

Project Name:

YWCA Opportunity Place

Member:

HomeStreet Bank

Sponsor:

YWCA Seattle, King, Snohomish

Grant Amount:

$909,870

Number of Units:

145

Total Development Costs:

$29.9 M

Located in downtown Seattle's Belltown neighborhood, YWCA's Opportunity Place offers 145 units of affordable housing to Seattle's low-income and homeless women. The units include fully equipped kitchens and private bathrooms. Residents are connected to services via WorkSource Downtown, which provides access to computers, job search support, classes, training, and case management services. 

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Idaho
State Financial Highlights Community Impact
Member Types
Banks
11
Thrifts
1
Credit Unions
7
Insurance Companies
0
Community Development Financial Institutions
1
Total Members
20
Advances
$132.9 M
Mortgage Loans, net
$894,616
Total Competitive Affordable Housing
$9.4 M
Total Set-aside Grants
$7.9 M
Total Community Investment Advances
$9.9 M

Project Name:

SEICCA Acquisition Housing Program

Member:

Zions First National Bank

Sponsor:

Southeastern Idaho Community Action Agency

Grant Amount:

$75,000

Number of Units:

5

Total Development Costs:

$686,000

SEICAA's Acquisition Housing Program created five three-bedroom, single-family homes in Pocatello for first-time homebuyers earning 50% or less of area median income. At least one unit is set aside for a household with special needs. SEICAA provided homebuyer education, coordinated sweat equity construction, and secured permanent financing.

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Alaska
State Financial Highlights Community Impact
Member Types
Banks
4
Thrifts
1
Credit Unions
8
Insurance Companies
0
Community Development Financial Institutions
1
Total Members
14
Advances
$47.0 M
Mortgage Loans, net
$6.3 M
Total Competitive Affordable Housing
$7.3 M
Total Set-aside Grants
$2.7 M
Total Community Investment Advances
$4.8 M

Project Name:

Mountain View Village

Member:

Wells Fargo Bank Northwest, N.A.

Sponsor:

Cook Inlet Housing Authority

Grant Amount:

$221,000

Number of Units:

17

Total Development Costs:

$6.3 M

The Mountain View Apartments in Anchorage are comprised of 17 new, single-family homes, affordable to households earning 80 percent or less of area median income. The energy-efficient homes require low maintenance from the homeowner and include appliances, security features, fencing, and landscaping.  The AHP grant money was used to provide each homebuyer with a $13,000 downpayment assistance grant. Wells Fargo provided grants to each homebuyer to help with closing costs.

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Minnesota
State Financial Highlights Community Impact
Member Types
Banks
264
Thrifts
13
Credit Unions
36
Insurance Companies
13
Community Development Financial Institutions
1
Total Members
327
Advances
$3.4 B
Mortgage Loans, net
$4.2 B
Total Competitive Affordable Housing
$81.2 M
Total Set-aside Grants
$10.6 M
Total Community Investment Advances
$1.5 B

Project Name:

Gimaaji Mino Bimaadiziyaan

Member:

North Shore Bank of Commerce

Sponsor:

American Indian Community Housing Organization

Grant Amount:

$500,000

Number of Units:

50

Total Development Costs:

$6,638,195

The Gimaaji Mino Bimaadiziyaan project rehabilitated and preserved a historic structure in downtown Duluth, Minnesota to create 29 units of permanent supportive housing for homeless individuals and families. The name Gimaaji Mino-Bimaadiziyaan is an Ojibwe phrase that means “together we are beginning a new life.” Gimaaji’s services are tailored to the needs of Native Americans, but the housing is open to everyone.

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Mariana Islands
State Financial Highlights Community Impact
Member Types
Banks
0
Thrifts
0
Credit Unions
0
Insurance Companies
0
Community Development Financial Institutions
0
Total Members
0
Advances
$0
Mortgage Loans, net
$0
Total Competitive Affordable Housing
$0
Total Set-aside Grants
$0
Total Community Investment Advances
$0

Project Name:

Mariana Islands

Member:

N/A

Sponsor:

Grant Amount:

Number of Units:

Total Development Costs:

There are currently no projects or members to highlight.

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Montana
State Financial Highlights Community Impact
Member Types
Banks
44
Thrifts
1
Credit Unions
7
Insurance Companies
1
Community Development Financial Institutions
0
Total Members
53
Advances
$808.0 M
Mortgage Loans, net
$53.9 M
Total Competitive Affordable Housing
$11.3 M
Total Set-aside Grants
$8.7 M
Total Community Investment Advances
$341.9 M

Project Name:

Mountain View Apartments

Member:

Glacier Bank

Sponsor:

Butte Affordable Housing, Inc.

Grant Amount:

$98,989

Number of Units:

11

Total Development Costs:

$2.02 M

Mountain View Apartments is a new infill development consisting of 11 units (four duplexes and one triplex) located on four vacant parcels in the historic Uptown area of Butte, Montana. The project provides a mix of nine two-bedroom, one-bath units and two three-bedroom units with one and a half baths, targeted for households earning at or below 60% of area median income. At least 20% of the units serve homeless and special needs populations. Referral and support agreements with area service providers enable families to access life skills, job training, GED prep classes, and mental health support.

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Iowa
State Financial Highlights Community Impact
Member Types
Banks
274
Thrifts
4
Credit Unions
35
Insurance Companies
26
Community Development Financial Institutions
1
Total Members
340
Advances
$18.0 B
Mortgage Loans, net
$4.6 B
Total Competitive Affordable Housing
$42.5 M
Total Set-aside Grants
$12.1 M
Total Community Investment Advances
$1.6 B

Project Name:

CISS Shelter

Member:

Freedom Financial Bank

Sponsor:

Central Iowa Shelter & Services

Grant Amount:

$500,000

Number of Units:

207

Total Development Costs:

$8,000,000

This Central Iowa Shelter & Services (CISS) project in Des Moines, Iowa targeted homeless men and women over the age of 18. The new, larger facility is a 24-hour Opportunity Center and will no longer close during the day. Along with the expanded capacity, CISS has a supportive services wing that includes an education classroom, a downtown food pantry, a clothing closet, an on-site medical clinic and office space for other services. 

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Oregon
State Financial Highlights Community Impact
Member Types
Banks
20
Thrifts
3
Credit Unions
20
Insurance Companies
1
Community Development Financial Institutions
0
Total Members
44
Advances
$1.6 B
Mortgage Loans, net
$20.7 M
Total Competitive Affordable Housing
$24.7 M
Total Set-aside Grants
$7.3 M
Total Community Investment Advances
$407.6 M

Project Name:

VetLIFT

Member:

Umpqua Bank

Sponsor:

St. Vincent de Paul Society of Lane County

Grant Amount:

$120,000

Number of Units:

15

Total Development Costs:

$1.1 M

The VetLIFT II project in Eugene, Oregon, provides 15 chronically homeless veterans with housing and intensive services. Residents are housed in VetLIFT II for a two-year period, and are transitioned to other permanent housing upon completion of their stay. Residents have access to intensive mental and physical health services, drug and alcohol counseling, job training and placement, legal services, permanent housing placement, and recreational activities.

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South Dakota
State Financial Highlights Community Impact
Member Types
Banks
54
Thrifts
4
Credit Unions
8
Insurance Companies
4
Community Development Financial Institutions
0
Total Members
70
Advances
$74.8 B
Mortgage Loans, net
$1.5 B
Total Competitive Affordable Housing
$29.5 M
Total Set-aside Grants
$4.4 M
Total Community Investment Advances
$804.8 M

Project Name:

Rental Housing Rehabilitation Program

Member:

Dacotah Bank

Sponsor:

Oglala Sioux Lakota Housing

Grant Amount:

$1,130,000

Number of Units:

46

Total Development Costs:

$1,348,966

Oglala Sioux Lakota Housing (OSLH) utilized over $1 million in FHLB Des Moines Affordable Housing Program grants over the course of three years to rehabilitate and preserve public housing in Pine Ridge, South Dakota. The units that received repairs are located in the Cherry Hill development.  The purpose of the project is to provide decent, safe and sanitary dwellings to the residents of the Pine Ridge Reservation.

 

 

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Wyoming
State Financial Highlights Community Impact
Member Types
Banks
23
Thrifts
2
Credit Unions
4
Insurance Companies
0
Community Development Financial Institutions
0
Total Members
29
Advances
$73.4 M
Mortgage Loans, net
$7.6 M
Total Competitive Affordable Housing
$6.3 M
Total Set-aside Grants
$1.5 M
Total Community Investment Advances
$39.7 M

Project Name:

5-2-5 Hall

Member:

First Interstate Bank

Sponsor:

Housing Authority of Teton County / Habitat for Humanity of Greater Teton Area

Grant Amount:

$156,000

Number of Units:

12

Total Development Costs:

$4.4 M

The Housing Authority of Teton County, in partnership with Habitat for Humanity of Greater Teton Area, constructed 12 owner-occupied townhomes in Teton, Wyoming. Five of the units are available to home buyers with incomes at or below 60% of area median income, and the remainder of the units are reserved for families earning at or below 80% of area median income. Homebuyer education classes are provided to all homeowners.

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Hawaii
State Financial Highlights Community Impact
Member Types
Banks
8
Thrifts
3
Credit Unions
17
Insurance Companies
0
Community Development Financial Institutions
0
Total Members
28
Advances
$625.5 M
Mortgage Loans, net
$29.0 M
Total Competitive Affordable Housing
$16.8 M
Total Set-aside Grants
$0.5 M
Total Community Investment Advances
$339.2 M

Project Name:

Hale Mahaolu Ehiku

Member:

Bank of Hawaii / First Hawaiian Bank

Sponsor:

Hale Mahaolu

Grant Amount:

$1.06 M

Number of Units:

54

Total Development Costs:

$22.1 M

Hale Mahaolu Ehiku is a 54-unit housing complex for seniors on the island of Maui in Kihei. The housing complex includes a senior center, laundry, office space, meeting rooms, a beauty salon, and a maintenance shop. Commercial space is leased to an adult day care and senior center, which offers activities for individuals with physical and mental challenges, as well as those diagnosed with Alzheimer's disease and other related forms of dementia.

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North Dakota
State Financial Highlights Community Impact
Member Types
Banks
62
Thrifts
2
Credit Unions
9
Insurance Companies
0
Community Development Financial Institutions
0
Total Members
73
Advances
$2.1 B
Mortgage Loans, net
$713.2 M
Total Competitive Affordable Housing
$10.4 M
Total Set-aside Grants
$1.4 M
Total Community Investment Advances
$1.0 B

Project Name:

Legacy Apartments at College Hill

Member:

Unison Bank

Sponsor:

Lutheran Social Services Housing, Inc

Grant Amount:

$160,000

Number of Units:

20

Total Development Costs:

$2,990,650

Facing an increasing demand for housing in the Jamestown, North Dakota area, Lutheran Social Services Housing, Inc. (LSSH) came through with the help of an FHLB Des Moines Affordable Housing Program grant. LSSH created 20 independent living units for low-income senior citizens by redeveloping a portion of the old Jamestown Hospital. The site of the Legacy Apartments at College Hill is well situated for easy access to transportation, shopping, churches, recreation and community activities.

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Guam
State Financial Highlights Community Impact
Member Types
Banks
2
Thrifts
1
Credit Unions
2
Insurance Companies
0
Community Development Financial Institutions
0
Total Members
5
Advances
$15.2 M
Mortgage Loans, net
$0
Total Competitive Affordable Housing
$892,086
Total Set-aside Grants
Total Community Investment Advances
$0

Project Name:

Habitat for Humanity Self-Help Build Program

Member:

First Hawaiian Bank

Sponsor:

Habitat for Humanity of Guam, Inc.

Grant Amount:

$112,859

Number of Units:

6

Total Development Costs:

$392,391

Habitat for Humanity of Guam constructed four single-family homes and a duplex homes that maximize energy efficiency. Volunteers help to build as much of the homes as possible.

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American Samoa
State Financial Highlights Community Impact
Member Types
Banks
0
Thrifts
0
Credit Unions
0
Insurance Companies
0
Community Development Financial Institutions
0
Total Members
0
Advances
$0
Mortgage Loans, net
$0
Total Competitive Affordable Housing
$0
Total Set-aside Grants
Total Community Investment Advances
$0

Project Name:

American Samoa

Member:

N/A

Sponsor:

Grant Amount:

Number of Units:

Total Development Costs:

There is currently no project for members to highlight.

© 2017 Federal Home Loan Bank of Des Moines.