Region XII Receives Nearly $500K From Federal Home Loan Bank For Owner-Occupied Housing Rehab Program
14 Dec 2022
The Federal Home Loan Bank (FHLB) of Des Moines announced earlier this week that Region XII Council of Governments had been approved for nearly a half-million dollars in funding to support affordable housing in its service area. A total of $473,875 is being awarded to Region XII for use in their Owner-Occupied Housing Rehabilitation Program. This effort provides grants or low-interest loans to property owners to assist in the completion of renovations to improve the area’s housing stock. Region XII was selected from a pool of more than 100 applicants seeking over $62 million in funding. Only 42 projects were chosen for a combined $25.6 million. FHLB member bank, Iowa State Bank of Sac City, helped sponsor the Region XII application. A complete list of recipients is included below.