Affordable Housing Advisory Council Annual Report 2007 - (Page 12) Community Investment Programs Our Community Investment programs consist of the Affordable Housing Program and our Community Investment Advance program. The Affordable Housing Program is a competitive program that provides grants twice a year to members for investment in low or moderate income housing initiatives. Members par tner with developers and community organizations to finance the purchase, constr uction or rehabilitation of owner-occupied or rental housing. This program is designed to encourage innovative lending efforts by members to increase the availability of affordable housing in their communities. Af fordable housing grants can be used for projects ranging from senior citizen housing to historical renovation, from single-family to multi-family dwellings. Grants can also be used to lower the interest rate on loans or cover down payment or closing costs. The Rural Homeownership Fund, the Urban First-Time Homebuyer Fund and the Native American Homeownership Initiative (NAHI) are descriptive of the special populations these grant programs ser ve. The Bank allocates par t of its Af fordable Housing Program funds to these special programs. Community Investment Advances make loans available (generally at cost) for home purchase or rehabilitation to families whose incomes do not exceed 115 percent of their area’s median income. Community Investment Advances may also finance commercial and 6 of the 2007 Affordable Housing Program grants were awarded in rural areas 12 % % FU C CIRC of the 2007 Affordable Housing Program grants were awarded in urban areas
Table of Contents Feed for the Digital Edition of Affordable Housing Advisory Council Annual Report 2007 Affordable Housing Advisory Council Annual Report 2007 Contents A Letter From the Chair 2007 Affordable Housing Advisory Council Capital Community Highlight: Platte, SD Capital Communities Community Investment Programs Member Highlight: St. Joseph, MO Member Highlight: Des Moines, IA 2007 Grant Listing Affordable Housing Advisory Council Annual Report 2007 Affordable Housing Advisory Council Annual Report 2007 - Affordable Housing Advisory Council Annual Report 2007 (Page 1) Affordable Housing Advisory Council Annual Report 2007 - Affordable Housing Advisory Council Annual Report 2007 (Page 2) Affordable Housing Advisory Council Annual Report 2007 - Contents (Page 3) Affordable Housing Advisory Council Annual Report 2007 - Contents (Page 4) Affordable Housing Advisory Council Annual Report 2007 - A Letter From the Chair (Page 5) Affordable Housing Advisory Council Annual Report 2007 - A Letter From the Chair (Page 6) Affordable Housing Advisory Council Annual Report 2007 - 2007 Affordable Housing Advisory Council (Page 7) Affordable Housing Advisory Council Annual Report 2007 - Capital Community Highlight: Platte, SD (Page 8) Affordable Housing Advisory Council Annual Report 2007 - Capital Community Highlight: Platte, SD (Page 9) Affordable Housing Advisory Council Annual Report 2007 - Capital Communities (Page 10) Affordable Housing Advisory Council Annual Report 2007 - Capital Communities (Page 11) Affordable Housing Advisory Council Annual Report 2007 - Community Investment Programs (Page 12) Affordable Housing Advisory Council Annual Report 2007 - Community Investment Programs (Page 13) Affordable Housing Advisory Council Annual Report 2007 - Member Highlight: St. Joseph, MO (Page 14) Affordable Housing Advisory Council Annual Report 2007 - Member Highlight: St. Joseph, MO (Page 15) Affordable Housing Advisory Council Annual Report 2007 - Member Highlight: Des Moines, IA (Page 16) Affordable Housing Advisory Council Annual Report 2007 - Member Highlight: Des Moines, IA (Page 17) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 18) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 19) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 20) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 21) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 22) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 23) Affordable Housing Advisory Council Annual Report 2007 - 2007 Grant Listing (Page 24)
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