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.
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