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Federal Home Loan Bank of Des Moines

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Competitive Affordable Housing Program

The Competitive Affordable Housing Program is one of the nation's largest sources of grants for affordable housing projects. This program encourages partnerships between our member financial institutions and local housing providers to secure funds for the purchase, construction or rehabilitation of affordable homeownership or rental housing units. Grants are available to sponsors including nonprofits, governments, housing authorities and other qualifying organizations. Sponsors require the support of an FHLB Des Moines member financial institution to apply. In 2018 FHLB Des Moines will make grant awards of up to $750,000 for qualifying projects.

The 2018 grant application period closed May 31, 2018.  This will be the only application period in 2018.  AHP awards will be announced in December 2018.  For information on the grant program, see the 2018 AHP Implementation Plan or contact the Community Investment Department (Opens New Window) at 800.544.3452, ext.1173.

2017 AHP Awards

In 2017 FHLB Des Moines awarded a record $44.6 million to 78 rental and homeownership projects throughout its 13-state district.  The grants will help fund the creation or rehabilitation of 2,636 units of affordable housing, and leveraged $382 million of total development costs. Click here for a list projects awarded funds (PDF).

2016 AHP Awards

In 2016 FHLB Des Moines awarded over $20 million to rental and homeownership projects throughout its district.  Click here for a list projects awarded funds (PDF).

Administering AHP Awards

June 1, 2015 FHLB Des Moines merged with FHLB Seattle. Competitive Affordable Housing Program awards made by FHLB Des Moines in 2015 and by the merged banks in 2016 and after will be administered using the Bank's automated application and administration system, AHP Online.  For projects awarded funds by FHLB Des Moines in 2014 and prior years (identified as Headquarters Office* projects), and by FHLB Seattle in 2015 and prior years (identified as Western Office* projects), resources for project administration are available on dedicated webpages.  Follow the links below to administration resources. 

*Headquarters Office included the states of Iowa, Minnesota, Missouri, North Dakota, and South Dakota.  Western Office included the states and territories of American Samoa, Alaska, Guam, Hawaii, Idaho, Montana, Northern Mariana Islands, Oregon, Utah, Washington and Wyoming.

© 2018 Federal Home Loan Bank of Des Moines.