- Created: Friday, 11 January 2019 11:13
- Written by Laura Proescholdt
In late 2018, four communities in three states celebrated funding awards from Federal Home Loan Bank of Des Moines (FHLB) Affordable Housing Program (AHP) totaling more than $1.6 million in critical funds to construct, rehabilitate, or acquire affordable housing.
MHP’s Community Development Team helped make these awards happen, supporting community members in Yankton, South Dakota; Miller, South Dakota; Spokane, Washington; and Winona, Minnesota as they worked to submit competitive applications. The funding secured will provide 70 affordable and safe rental homes for working people, preserve affordable rental homes for seniors, and rehabilitate tribal rental homes and owner occupied homes.
In Winona (pictured right), FHLB funds will support the Ability Home Rehabilitation Program. Community Development Specialist Nick Larson said the program will “empower Winona homeowners to make the necessary repairs and investments to remain in their homes and age in place, while protecting their home values for future generations.”