Federal Home Loan Bank

The Federal Home Loan Bank of Des Moines (FHLB-DM) offers an Affordable Housing Program (AHP) designed to assist in the development of affordable housing for low- and moderate-income households. The FHLB funds the AHP with an annual allocation of 10% of the FHLB’s profits. Therefore, the total amount of funding in the pool varies from year to year.

Since 1998, Habitat Minnesota has been awarded a total of 20 grants for over $6.8 million in support of new Habitat homeowners and Minnesota Habitat affiliates and two grants totaling $473,800 for owner-occupied rehab projects*.