Affordable Housing Products

Solutions to meet critical affordable housing needs.

New $3 to $1 matching grant program

Up to $10 million available to support eligible organizations working to improve the opportunity of affordable housing or community development.

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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 $844.4 million to provide affordable housing opportunities to more than 124,000 families and individuals.

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 2023 AHP application period will open on May 1, 2023. Recipients of 2022 awards were announced on December 12, 2022.

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:

2023 Down Payment Product funding opened January 3, 2023.