Community Leaders Tackle Utah's Housing Challenges

last updated on Friday, October 20, 2017 in Community News

(Salt Lake City, Utah) – Congressman Chris Stewart and Utah community leaders met on Friday, October 20 to address the shortage of homeownership opportunities in the state. The round table event, which took place in Salt Lake City, was organized by the Federal Home Loan Bank of Des Moines (FHLB Des Moines).

“Utah is a leader in innovation and collaboration,” said Congressman Stewart. “Affordable housing is a necessity and I’m confident our state can address this issue to help families and strengthen communities. I appreciate the thoughtful discussion and dedication of this worthy cause.”

The following FHLB Des Moines member financial institutions and housing partners from Utah participated in the discussion:

  • CBC Mortgage Agency
  • Ivory Homes
  • Mountainlands Community Housing Trust
  • NeighborWorks Salt Lake
  • Rocky Mountain CRC
  • Salt Lake Chamber
  • Security National Life Insurance
  • Utah Center for Neighborhood Stabilization
  • Utah Bankers Association
  • Utah Department of Financial Institutions
  • Utah Housing Corporation
  • Zions Bank

Each year, FHLB Des Moines returns 10 percent of its net income to communities throughout its district, consisting of 13 states and three U.S. Pacific territories. Since the inception of the Competitive Affordable Housing Program in 1990, FHLB Des Moines has awarded $21.3 million for housing in the state of Utah to assist nearly 4,200 homeowners.

“Through these grants, our members and non-profit partners are providing families and individuals in need with affordable housing opportunities,” said Mike Wilson, president and CEO, FHLB Des Moines. “That housing, in turn, lends strength to the communities in which they live. These housing needs are met through the work of local lenders who partner with FHLB Des Moines to provide these important dollars without taxpayer funding.”

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