2025 Affordable Housing Program Information Now Available
last updated on Wednesday, December 18, 2024 in Business News
Below is an overview of key Affordable Housing Program details for 2025. Full details are now available in the 2025 Implementation Plan
2025 Down Payment (DP) Products Overview:
FHLB Des Moines member financial institutions have access to grant funds to provide down payment and closing cost assistance to income eligible owner-occupant households.
- Home$tart grant amounts are $15,000 and $25,000 for households purchasing in Hawaii.
- NAHI grant amounts are $25,000 per household.
FHLB Des Moines does not process grant applications directly from homebuyers, homebuyers must work with a participating member.
|
2025 Total Program Allocations* |
Member Cap** |
| Home$tart® |
$14,000,000 |
$150,000 |
| NAHI |
$1,000,000 |
$150,000
|
*Note: Member cap is not a guarantee of program funds. Funds are available on a first-come, first-served basis.
Release of 2025 Down Payment Products Funds
Funds are subject to availability. Down Payment Products funds will be released on the following schedule:
| Date of Funds |
Home$tart Amount* |
Native American
Homeownership Initiative (NAHI) Amount* |
| January 2, 2025 |
$3,000,000 |
$150,000 |
| April 1, 2025 |
$4,000,000 |
$350,000 |
| July 1, 2025 |
$4,000,000 |
$350,000 |
| October 1, 2025 |
$3,000,000 |
$150,000 |
*Note: Funds available no sooner than 12:00 PM CDT
2025 Competitive Affordable Housing Program Details:
The Competitive Affordable Housing Program (AHP) encourages partnerships between our member financial institutions and local housing providers (sponsors) to secure funds for the purchase, construction or rehabilitation of affordable homeownership or rental housing units.
Grants are available to sponsors, which include nonprofits, governments, housing authorities and other qualifying organizations. Sponsors require the support of an FHLB Des Moines member financial institution to apply.
|
2025 Project Limits |
| Subsidy Per Project |
$3,000,000 |
| Subsidy Per Unit |
$150,000 |
Key AHP Program Dates
| Date |
Description |
| January 2025 |
Technical Assistance Available |
| April 1, 2025 |
Application Period Opens |
| May 1, 2025 |
Application Period Closes |
| December 2025 |
2025 Awards Announced |
Key changes for 2025 are:
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