Today's Date: February 23, 2024
Tuned Secures $3.2M Seed Extension to Scale Hearing Health Benefits for Modern Workforce   •   Idaho Virtual Academy and Insight School of Idaho Enrollment Open for 2024-2025 School Year   •   GagaOOLala, the World's Largest LGBTQ+ Streaming Platform, Announces Impressive 2023 Viewer Metrics   •   Government of Canada announces funding for in Alberta   •   Education Cannot Wait Calls for Scaled Up Funding for Successful Joint Programme in Nigeria During High-Level Mission Together w   •   University of Phoenix Leadership to Present at Greater Phoenix Chamber Event   •   Mastering The Meno(Pause) Transition Summit 3.0: A New Dawn in Women's Health   •   Support workers at University of Toronto vote in support of strike action   •   Sycuan Band of the Kumeyaay Nation Donates $50,000 to MESA Foundation   •   ColorComm's 7th Annual NextGen Fellows Program Will Connect HBCU Students and Graduates with the Nation's Leading Companies   •   CerraCap Cares and Karma Automotive Collaborate to Launch InnoV8, an Innovation Platform to Empower Women-Led Innovation   •   Graham Holdings Company Declares Regular Quarterly Dividend   •   Senior Care Franchise Right at Home Targets Expansion in Rockford, IL; Looks to Meet Qualified Prospective Franchisees Looking t   •   ARC Ltd. and Milliman Award Scholarships to Empower Africa's Next Generation of Climate Change Leaders   •   Oklahoma Virtual Charter Academy Now Enrolling for 2024-25 School Year   •   Statement from the Chief Public Health Officer of Canada on Global Increase in Measles and Risk to Canada   •   Texas Virtual Academy at Hallsville Now Enrolling for 2024-25 School Year   •   Chickasaw Community Bank Names Bill Schonacher as CEO   •   Government of Canada announces funding for the Africville Museum's travelling exhibit project   •   Enrich Foods’ “Climate Friendly” Rice Named NEXTY Award Finalist: The First Consumer Product Funded by USDA&rs
Bookmark and Share

Federal Home Loan Bank of Des Moines Awards More Than $46 Million in Affordable Housing Grants to Benefit 60 Projects

DES MOINES, Iowa , December 11 /Businesswire/ - The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is pleased to announce the recipients of its 2023 Competitive Affordable Housing Program (AHP) awards. Through a collaborative effort between 43 FHLB Des Moines member financial institutions and local housing organizations, more than $46 million will be awarded to 60 affordable housing projects impacting over 2,300 families and individuals.

From construction of new affordable housing to the rehabilitation of existing homes and rental properties, the funds will benefit low-income families, seniors, persons with disabilities and the homeless. Nine of the 60 AHP projects are Native Housing Projects impacting Native American and Alaska Native households.

“For more than 90 years, FHLB Des Moines has invested in helping communities grow and prosper. We are proud to partner with our member financial institutions to fulfill that commitment,” said Kris Williams, President and CEO, FHLB Des Moines. “We are also happy to say that in 2023, we gave $25 million in an addition to 10 percent of our earnings back to our members to invest in their communities and the people they serve. Thanks to the vision and dedication of our members and local housing sponsors, we are able to have a direct and positive impact.”

FHLB Des Moines and its member financial institutions play a critical role in meeting the affordable housing needs of their communities. Since the program’s inception in 1990, FHLB Des Moines has given approximately $735 million in AHP awards to help more than 92,000 families and individuals find safe and affordable housing.

For a complete listing of 2023 Competitive Affordable Housing Program grant recipients, click here.

The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement.

FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. The Des Moines Bank is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com. Follow us on Twitter (@FHLBDM) and visit us on Facebook and LinkedIn.


STORY TAGS: Women, Seniors, Other Philanthropy, Men, Urban Planning, Family, Finance, Environmental, Social and Governance (ESG), Banking, Fund Raising, Consumer, Foundation, Professional Services, Residential Building & Real Estate, Philanthropy, Construction & Property, DEI (Diversity, Equity and Inclusion), People with Disabilities, Alaska, Iowa, Funding, Business Update, United States, North America,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News