Affordable Housing Advisory Council Annual Report 2007 - (Page 13) economic development projects that benefit low to moderate income families and neighborhoods. Rural Capital Advances, a subset of Community Investment Advances, stimulate and support economic growth in rural America. And we have come full circle - as members borrow from the Bank and Bank earnings increase more funding becomes available for the Community Investment programs. $ 4,990,000,000 Amount in Community Investment Advances borrowed by members since 1990 Native American Homeownership Initiative LL L LE E Melanie Benjamin Chief Executive Mille Lacs Band of Ojibwe Onamia, Minnesota “The Native American Homeownership Initiative fulfills a need for housing assistance. This important program not only helps Native American families become homeowners, it creates stability and a sense of pride. Without it, many potential homebuyers would not realize their dream of homeownership.” The Native American Homeownership Initiative is an important piece of the Bank’s full circle of Community Investment programs. FHLB Des Moines currently allocates $1.0 million of our AHP funds for NAHI. Bank members qualify for grants to help low-income individuals and families living in Native American Ser vice Areas purchase homes. Eligible first-time or non firsttime homebuyers may receive up to $10,000 towards down payment, closing or rehabilitation costs. Since its inception, nearly $2.0 million has been disbursed through the program, impacting more than 300 housing units. 13
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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