Community Investment Advance
A low
cost source of funds for loans in
your community
For members of FHLB Des Moines,
meeting the credit needs of their
local community is being a good
neighbor and is also good business.
Housing and economic development
initiatives are vital to the health
of a community's economy. Members
can use Community Investment
Advances to support these
initiatives. Members are provided
advances at lower rates for eligible
Community Investment Advances. The
price of this advance is currently
the Bank's cost of funds plus
administrative costs, which cover
the Bank’s expenses. The standard
requirements of FHLB Des Moines
credit and collateral policies apply
to these special advances.
Members can use commercial loans and
residential loans to qualify for a
Community Investment Advance. For
more information, check out our
Commercial Lending Advance and
Residential Lending Advance. Contact
our
Community Investment team for
assistance in completing an
application.
Community
Investment Advance Limits
FHLB Des Moines members are provided
a Community Investment Advance limit
that is the greater of 15% of their
non-Community Investment Advances or
$5 million. Members are also
provided an additional $1 million
for Rural Capital Advances, a
program focused on commercial
lending in rural areas. Members may
elect to take all of their Community
Investment Advances as Rural Capital
Advances.
Community Investment Advances
in Federal Disaster Areas
FHLB Des Moines members located in a
Federal Disaster Area are eligible
for Community Investment Advances
which can be used to help finance
repair or reconstruction of
residences or businesses damaged by
disasters. These advances can be
used to fund eligible Commercial
Lending Advances or
Residential
Lending Advances for residents or
businesses located in a Federally
Declared Disaster Area. The standard
requirements of FHLB Des Moines
credit and collateral policies apply
to these special advances.
The per member Community Investment
Advance Limit of the greater of 15%
of non-Community Investment Advances
or $5 million is waived for any
member borrowing funds for eligible
loans in a Federally Declared
Disaster Area. For more information,
please call the Community Investment
Department at 800.544.3452, ext.
1173. For a list of federal
disaster declarations, visit the FEMA
website at
www.fema.gov.
Community Investment Advance
Applications & Additional Resources
& Information
