FHLB Des Moines District Map
Project Name:500 West Bridge
Member:Wells Fargo Bank Northwest, N.A.
Number of Units:62
Total Development Costs:$12.3 M
The 500 West Bridge Project involved two-phases of development, including new construction and renovation of an abandoned building. The AHP grant was used to help fund the new construction of the development and created 62 units of affordable apartments for individuals earning up to 55% of area median income. One unit is set aside for a formerly homeless family. Street-level commercial spaces are home to an art gallery, a community writing center, a coffee shop, retail stores, and non-profit organizations.
Project Name:Home Repair Program
Member:St. Louis Community Credit Union
Sponsor:Community Action Agency of St. Louis, Missouri
Number of Units:40
Total Development Costs:$300,000
Community Action Agency of St. Louis, Missouri (CAASTLC) used an FHLB Des Moines Affordable Housing to compliment its Low Income Weatherization Program as a referral source for homeowners to receive funds to make needed repairs. The home repair program would allow homeowners, who would otherwise be rejected for weatherization, to obtain necessary home repairs.
Project Name:YWCA Opportunity Place
Sponsor:YWCA Seattle, King, Snohomish
Number of Units:145
Total Development Costs:$29.9 M
Located in downtown Seattle's Belltown neighborhood, YWCA's Opportunity Place offers 145 units of affordable housing to Seattle's low-income and homeless women. The units include fully equipped kitchens and private bathrooms. Residents are connected to services via WorkSource Downtown, which provides access to computers, job search support, classes, training, and case management services.
Project Name:SEICCA Acquisition Housing Program
Member:Zions First National Bank
Sponsor:Southeastern Idaho Community Action Agency
Number of Units:5
Total Development Costs:$686,000
SEICAA's Acquisition Housing Program created five three-bedroom, single-family homes in Pocatello for first-time homebuyers earning 50% or less of area median income. At least one unit is set aside for a household with special needs. SEICAA provided homebuyer education, coordinated sweat equity construction, and secured permanent financing.
Project Name:Mountain View Village
Member:Wells Fargo Bank Northwest, N.A.
Sponsor:Cook Inlet Housing Authority
Number of Units:17
Total Development Costs:$6.3 M
The Mountain View Apartments in Anchorage are comprised of 17 new, single-family homes, affordable to households earning 80 percent or less of area median income. The energy-efficient homes require low maintenance from the homeowner and include appliances, security features, fencing, and landscaping. The AHP grant money was used to provide each homebuyer with a $13,000 downpayment assistance grant. Wells Fargo provided grants to each homebuyer to help with closing costs.
Project Name:Gimaaji Mino Bimaadiziyaan
Member:North Shore Bank of Commerce
Sponsor:American Indian Community Housing Organization
Number of Units:50
Total Development Costs:$6,638,195
The Gimaaji Mino Bimaadiziyaan project rehabilitated and preserved a historic structure in downtown Duluth, Minnesota to create 29 units of permanent supportive housing for homeless individuals and families. The name Gimaaji Mino-Bimaadiziyaan is an Ojibwe phrase that means “together we are beginning a new life.” Gimaaji’s services are tailored to the needs of Native Americans, but the housing is open to everyone.
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Project Name:Mountain View Apartments
Sponsor:Butte Affordable Housing, Inc.
Number of Units:11
Total Development Costs:$2.02 M
Mountain View Apartments is a new infill development consisting of 11 units (four duplexes and one triplex) located on four vacant parcels in the historic Uptown area of Butte, Montana. The project provides a mix of nine two-bedroom, one-bath units and two three-bedroom units with one and a half baths, targeted for households earning at or below 60% of area median income. At least 20% of the units serve homeless and special needs populations. Referral and support agreements with area service providers enable families to access life skills, job training, GED prep classes, and mental health support.
Project Name:CISS Shelter
Member:Freedom Financial Bank
Sponsor:Central Iowa Shelter & Services
Number of Units:207
Total Development Costs:$8,000,000
This Central Iowa Shelter & Services (CISS) project in Des Moines, Iowa targeted homeless men and women over the age of 18. The new, larger facility is a 24-hour Opportunity Center and will no longer close during the day. Along with the expanded capacity, CISS has a supportive services wing that includes an education classroom, a downtown food pantry, a clothing closet, an on-site medical clinic and office space for other services.
Sponsor:St. Vincent de Paul Society of Lane County
Number of Units:15
Total Development Costs:$1.1 M
The VetLIFT II project in Eugene, Oregon, provides 15 chronically homeless veterans with housing and intensive services. Residents are housed in VetLIFT II for a two-year period, and are transitioned to other permanent housing upon completion of their stay. Residents have access to intensive mental and physical health services, drug and alcohol counseling, job training and placement, legal services, permanent housing placement, and recreational activities.
Project Name:Rental Housing Rehabilitation Program
Sponsor:Oglala Sioux Lakota Housing
Number of Units:46
Total Development Costs:$1,348,966
Oglala Sioux Lakota Housing (OSLH) utilized over $1 million in FHLB Des Moines Affordable Housing Program grants over the course of three years to rehabilitate and preserve public housing in Pine Ridge, South Dakota. The units that received repairs are located in the Cherry Hill development. The purpose of the project is to provide decent, safe and sanitary dwellings to the residents of the Pine Ridge Reservation.
Project Name:5-2-5 Hall
Member:First Interstate Bank
Sponsor:Housing Authority of Teton County / Habitat for Humanity of Greater Teton Area
Number of Units:12
Total Development Costs:$4.4 M
The Housing Authority of Teton County, in partnership with Habitat for Humanity of Greater Teton Area, constructed 12 owner-occupied townhomes in Teton, Wyoming. Five of the units are available to home buyers with incomes at or below 60% of area median income, and the remainder of the units are reserved for families earning at or below 80% of area median income. Homebuyer education classes are provided to all homeowners.
Project Name:Hale Mahaolu Ehiku
Member:Bank of Hawaii / First Hawaiian Bank
Grant Amount:$1.06 M
Number of Units:54
Total Development Costs:$22.1 M
Hale Mahaolu Ehiku is a 54-unit housing complex for seniors on the island of Maui in Kihei. The housing complex includes a senior center, laundry, office space, meeting rooms, a beauty salon, and a maintenance shop. Commercial space is leased to an adult day care and senior center, which offers activities for individuals with physical and mental challenges, as well as those diagnosed with Alzheimer's disease and other related forms of dementia.
Project Name:Legacy Apartments at College Hill
Sponsor:Lutheran Social Services Housing, Inc
Number of Units:20
Total Development Costs:$2,990,650
Facing an increasing demand for housing in the Jamestown, North Dakota area, Lutheran Social Services Housing, Inc. (LSSH) came through with the help of an FHLB Des Moines Affordable Housing Program grant. LSSH created 20 independent living units for low-income senior citizens by redeveloping a portion of the old Jamestown Hospital. The site of the Legacy Apartments at College Hill is well situated for easy access to transportation, shopping, churches, recreation and community activities.
Project Name:Habitat for Humanity Self-Help Build Program
Member:First Hawaiian Bank
Sponsor:Habitat for Humanity of Guam, Inc.
Number of Units:6
Total Development Costs:$392,391
Habitat for Humanity of Guam constructed four single-family homes and a duplex homes that maximize energy efficiency. Volunteers help to build as much of the homes as possible.
Project Name:American Samoa
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There is currently no project for members to highlight.