Affordable Housing Advisory Council Annual Report 2007

“The benefits of homeownership are not just monetar y, but provide stability to families and the community of Des Moines,” remarked Tammy Walton, mortgage loan officer, CRA officer, Iowa State Bank. “Management of Iowa State Bank has always been ver y supportive of homeownership programs, especially first-time homebuyer programs that make funds available to low-andmoderate income individuals.” TAMMY WALTON Iowa State Bank received a $50,000 Urban First-Time Homebuyer Fund grant through FHLB Des Moines which has helped 13 individuals and families purchase their first homes. The funds, which can be used for down payment, closing cost, counseling or rehabilitation assistance, help borrowers move from rental to owner situations more quickly. “The Des Moines metro area continues to be an area of need for homebuyer assistance,” Walton said. “The affordable housing programs available through the Federal Home Loan Bank of Des Moines make the dream of homeownership a reality for many of our customers.” MORTGAGE LOAN OFFICER CRA OFFICER IOWA STATE BANK DES MOINES, IOWA $ 3.3 million in Urban First-Time Homebuyer Funds has been awarded by FHLB Des Moines since the program began in 2006 Evelyn Bengtson, Set-Aside Homeownership Analyst FHLB Des Moines FHLB Des Moines set-aside programs, like the Urban First-Time Homebuyer Fund, provide assistance to individuals and families living on a fixed or limited income. Without the Bank’s programs, owning a home may not be possible for many people. “Helping those in need makes my job ver y important and rewarding to me,” said Evelyn Bengtson, set-aside homeownership analyst, FHLB Des Moines. “Our Community Investment programs have a ver y positive impact on the communities we ser ve throughout our district. We provide our members with resources to reach out and help families that are trying to make a better life for themselves. Owning a home provides a family with stability and gives them the opportunity to teach their children the value of homeownership and what it is like to be part of a community.” 17

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

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