- Created: Wednesday, 03 January 2018 15:14
- Written by Laura Proescholdt
In 2017, the MHP capacity team supported the submission of seven applications to the Federal Home Loan Bank of Des Moines (FHLB) Affordable Housing Program (AHP) — the highest number of applications ever supported by MHP — to assist community organizations and housing developers in securing critical funds to construct, rehabilitate, or acquire affordable housing. In 2017, FHLB Des Moines awarded more than $45 million in grants through AHP, facilitating the creation or preservation of more than 2,000 units of affordable housing.
Barbara Dolan, Community Development Manager, said she was proud to be part of the process. “It was a very collaborative effort,” Dolan explained. “I felt my role was more of the facilitator, getting information from applicant, transferring it into Federal Home Loan Bank-speak. Kind of a translator.”
Of the seven MHP-supported applications, the projects described below — which serve Native communities in Washington and North Dakota — received funding. “That’s 37 units of affordable housing that’s been preserved or rehabbed," Dolan said. "And while 37 units may seem to be a drop in the bucket, for these entities, it’s huge."