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Affordable Housing Products

Solutions to meet critical affordable housing needs.

New Support Tool

Have questions about our Affordable Housing Programs? Check out our NEW online chat support now available!

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Video Feature

Affordable Housing Programs allow members to support their communities with a source of equity in the form of grants.

2024 AHP AWARD WINNERS

$100.3 million awarded through AHP in 2024!

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Advisory Council Openings

FHLB Des Moines is accepting applications for one open Affordable Housing Advisory Council position designated to represent the affordable housing and community lending needs of Minnesota.

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FHLB Des Moines offers a variety of products to support the purchase, construction or rehabilitation of affordable housing. Since the program’s inception in 1990, FHLB Des Moines members have partnered with housing organizations to invest nearly $835 million in AHP awards to help nearly 95,500 families and individuals find safe and affordable housing.

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.

The 2025 AHP application period is now closed. Awards will be announced in December 2025.

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:

2025 Down Payment Product funding round opened on January 2, 2025.

Voluntary Programs

FHLB Des Moines is continuously evaluating and developing innovative voluntary programs to increase its support for underserved and financially vulnerable populations in its district. Learn More.

Explore Voluntary Programs:

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News

Federal Home Loan Bank of Des Moines Surpasses $1 Billion in Affordable Housing Program Awards

Public Announcements Federal Home Loan Bank of Des Moines Surpasses $1 Billion in Affordable Housing Program Awards The Affordable Housing Advisory Council presents a report highlighting the significant impact of the affordable housing and community investment activities facilitated through the member Federal Home Loan Bank of Des Moines.

2025 Affordable Housing Program Information Now Available

Member Announcements 2025 Affordable Housing Program Information Now Available FHLB Des Moines offers a variety of products to support the purchase, construction or rehabilitation of affordable housing. Information detailing the 2025 Affordable Housing Program are now available.

FHLB Des Moines Awards $100.3 Million for 55 Affordable Housing Initiatives

Public Announcements FHLB Des Moines Awards $100.3 Million for 55 Affordable Housing Initiatives FHLB Des Moines Awards $100.3 Million for 55 Affordable Housing Initiatives

Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks

Member Announcements Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks

See all articles regarding news about FHLB Des Moines.

Educational Resources

Stronger Together: Strengthening Communities Through Partnership and Purpose

Case Study Stronger Together: Strengthening Communities Through Partnership and Purpose Twin Cities Habitat for Humanity and Federal Home Loan Bank of Des Moines have partnered to make homeownership more accessible through advance discount rate. This reflects a shared commitment to building stronger communities by supporting affordable housing initiatives and empowering families.

Affordable Housing Program at Work in North Dakota

Video/Webinar Affordable Housing Program at Work in North Dakota See how the Affordable Housing Program is at work in North Dakota.

A Closer Look at the 7 Scoring Criteria that Impact AHP Projects

Article A Closer Look at the 7 Scoring Criteria that Impact AHP Projects Affordable Housing Program funds are awarded on a competitive basis to applicants based on defined scoring criteria. Gain a deeper understanding of the seven scoring criteria that impact a projects final score.

Down Payment Product Guide

Whitepaper Down Payment Product Guide Access grant funds through FHLB Des Moines for down payment, closing costs and homeownership counseling for eligible households with incomes at or below 80% of area median income (AMI).

See all educational resources regarding this topic.