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Affordable Housing Products

Solutions to meet critical affordable housing needs.

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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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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.

Get Started:

The 2025 AHP application period will open April 1, 2025. 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

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

Federal Home Loan Banks Present Housing Supply Recommendations

Public Announcements Federal Home Loan Banks Present Housing Supply Recommendations On August 29, 2024, the Federal Home Loan Banks presented the U.S. Department of Treasury a range of housing supply recommendations where the FHLBanks, the Federal Housing Finance Agency and the Treasury can collaborate to help address housing issues currently facing the nation.

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Educational Resources

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).

Member Impact Fund - North Dakota

Video/Webinar Member Impact Fund - North Dakota FHLB Des Moines members and community partners describe the positive ways they have utilized the Member Impact Fund in North Dakota

Webinar: Expanding Native Homeownership Opportunities with HeritageOne

Video/Webinar Webinar: Expanding Native Homeownership Opportunities with HeritageOne In this webinar, FHLB Des Moines and Freddie Mac discuss products to help increase access to affordable housing for Native People on tribal lands.

Pocket Neighborhood Provides Affordable Homeownership Opportunities for Rural Iowa

Case Study Pocket Neighborhood Provides Affordable Homeownership Opportunities for Rural Iowa Maquoketa State Bank partnered with East Central Development Corporation to develop a pocket neighborhood with help from funds they received from the Affordable Housing Program.

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