About FHLB Des Moines
The Federal Home Loan Bank of Des Moines is a member-owned cooperative that provides funding solutions and liquidity to nearly 1,400 members to support mortgage lending, economic development and affordable housing in the communities they serve. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions in Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming, the U.S. territories of American Samoa and Guam and the Commonwealth of the Northern Mariana Islands.
FHLB Des Moines is one of 11 regional Banks in the Federal Home Loan Bank System (FHLBank). Established by Congress in 1932 to support mortgage lending, the FHLBanks are a stable source of funding for more than 7,300 federally insured depository institutions of all sizes and types. Regulated by the Federal Housing Finance Agency, the FHLBanks are cooperatively owned by their members, operate independently with their own boards of directors and are registered with the Securities and Exchange Commission.
Affordable Housing Products
FHLB Des Moines Affordable Housing Products support our members in their efforts to strengthen their communities. By providing funds to member financial institutions, it gives them the opportunity to create safe housing, sustainable economies and good jobs.
We provide grant funding through our Affordable Housing Products for the purchase, construction or rehabilitation of affordable housing.
Since its inception in 1990, more than $500 million in grants have been awarded to create affordable housing opportunities for nearly 100,000 families in communities across our district.