Release of an Owner-Occupied Rehabilitation Lien

If the subsidy award was used for rehabilitation of an owner-occupied unit without a purchase, the Retention Agreement is forgiven and may be released. Beginning 1/1/2020, an existing Deed Restriction or Deed of Trust or Mortgage on an owner-occupied rehabilitation unit is no longer subject to retention and may be released prior to the five-year retention period stated on the lien. To release a lien, work with the Lender or with the Beneficiary named on the Retention Agreement. For forms which show a Beneficiary, please work with our Community Investment Department by sending a copy of the recorded Retention Agreement and forms for release to communityinvestment@fhlbdm.com, or call Community Investment at 800.544.3452, ext. 2400 for assistance.