$750,000 in Affordable Housing Grants Awarded to Red Lake Band of Chippewa Indians
(Minneapolis, Minnesota) – A development in Minneapolis, called Mino-bimaadiziwin, celebrated $750,000 in grants from the Federal Home Loan Bank of Des Moines (FHLB Des Moines) on Wednesday, April 4 to provide affordable housing for over 100 households. Congressman Keith Ellison was on hand to join in the celebration, alongside project sponsors from The Red Lake Band of Chippewa Indians and Bridgewater Bank. The grants were awarded through the FHLB Des Moines Competitive Affordable Housing Program (AHP).
"Every day I hear from working people about how difficult it has become to find a safe, decent and affordable place to call home,” said Congressman Ellison. “I am thrilled that the Red Lake Band of Chippewa are receiving a $750,000 housing grant to develop 109 units of affordable housing for tribal families and elders."
The Red Lake Band of Chippewa Indians will use the grant to help create one of the first Tribal inspired, sponsored, and developed housing developments off Trust land. The project, Mino-bimaadiziwin, will offer efficiencies, one, two, and three bedroom units, underground parking, and a complete amenity package for its Native American residents. Twenty-two units in the complex will serve households facing long-term homelessness.
FHLB Des Moines returns 10 percent of its net income annually to assist with housing needs throughout its district, consisting of 13 states and three U.S. Pacific territories. Since the inception of the program in 1990, FHLB Des Moines has awarded $99.4 million for housing in the state of Minnesota to benefit more than 19,545 homeowners.