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Affordable Housing Products

Solutions to meet critical affordable housing needs.

FHLB Des Moines offers a variety of products to support the purchase, construction or rehabilitation of affordable housing. Since the inception of the Affordable Housing Program in 1990, FHLB Des Moines has awarded $635 million to provide affordable housing opportunities to more than 106,000 families and individuals.

Key Dates for 2019 AHP Program

Competitive Affordable Housing Program

The Competitive Affordable Housing Program 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.

Get Started:

The 2019 AHP application period closed on May 31, 2019.

Technical Assistance:

Sponsor housing organizations are now able to access Technical Assistance on-demand to help prepare AHP applications. 

Down Payment Products

Our member financial institutions have access to grant funds to provide down payment and closing cost assistance to income eligible owner-occupant households.

Down Payment Products:

2019 Down Payment Product funding opened on April 1, 2019.

News

Chris Perez Appointed to FHLB Des Moines Advisory Council Public Announcements Chris Perez Appointed to FHLB Des Moines Advisory Council FHLB Des Moines or the Bank recently appointed Christopher Perez, senior program officer, Rasmuson Foundation, to its Affordable Housing Advisory Council (Advisory Council) representing the state of Alaska. $52.6 Million in Affordable Housing Grants to Benefit More Than 3,800 Families and Individuals Member Announcements $52.6 Million in Affordable Housing Grants to Benefit More Than 3,800 Families and Individuals Low-income families, seniors, persons with disabilities, homeless, and at-risk youths will benefit from more than $52.6 million in affordable housing grants this holiday season. FHLB Des Moines Appoints Two New Members to Advisory Council Member Announcements FHLB Des Moines Appoints Two New Members to Advisory Council Robert (Bob) Peterson Jr. with the Washington State Housing Finance Commission (WSHFC) in Seattle, Washington and Sean Hubert with Central City Concern in Portland, Oregon have been appointed to the Federal Home Loan Bank Des Moines (FHLB Des Moines) Advisory Council. $750,000 in Affordable Housing Grants Awarded to Red Lake Band of Chippewa Indians Public Announcements $750,000 in Affordable Housing Grants Awarded to Red Lake Band of Chippewa Indians 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.

See all articles regarding news about FHLB Des Moines.

Educational Resources

Quick Reference Guide for Completing your Community Investment Advance (CIA) Application Article Quick Reference Guide for Completing your Community Investment Advance (CIA) Application Three key things to remember when completing a Community Investment Application. Home$tart Reservation and Disbursement Approval Assistance Article Home$tart Reservation and Disbursement Approval Assistance Avoid these common challenges to obtaining Home$tart grant funding. Unlocking the Potential of Indian Country Article Unlocking the Potential of Indian Country Recently Federal Home Loan Bank of Des Moines announced a $5 million grant to the Northwest Area Foundation to help further economic development on Native lands. “Nothing Short of Magical” – See how AHP funds invigorated affordable housing in Duluth, MN Case Study “Nothing Short of Magical” – See how AHP funds invigorated affordable housing in Duluth, MN The former YWCA building of Duluth, Minnesota is just such a place that took years and hundreds of dedicated individuals to make a reality. While the final result is a beautiful and transformative living and gathering place, the project's beginning was beset with challenges.

See all educational resources regarding this topic.