State of South Dakota Receives $2.6 Million in Affordable Housing Funds

State of South Dakota Receives $2.6 Million in Affordable Housing Funds

Des Moines, IA – December 28, 2010 – (RealEstateRama) — Communities throughout the state of South Dakota were recently awarded $2.6 million in affordable housing grants through the Federal Home Loan Bank of Des Moines Affordable Housing Program (AHP). The 8 projects slated for completion with these grants will create 277 homes for lower income families. In total, FHLB Des Moines awarded $16.4 million to 57 projects

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The Federal Home Loan Bank of Des Moines is a wholesale cooperative bank that provides low-cost short and long-term funding and community lending to more than 1,200 members, including commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System.  

Contact:

FHLB Des Moines
Skywalk Level
801 Walnut Street, Suite 200
Des Moines, IA 50309-3513

Phone: 800.544.3452 or 515.281.1000
Fax: 515.281.1022

Megan Feld
Communications Coordinator

Phone: 800.544.3452, ext. 1159

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