Welcome to Bloomsdale, MO

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Welcome to Bloomsdale, MO!
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Bank of Ste. Genevieve, Member FHLB
Stephen Abts, Senior Vice President, discussing
reporting requirements of the AHP Grant with
Brenda and Pam.
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Partnership in Action
Curt Heidt, Federal Home Loan Bank of Des Moines
Stephen Abts, Bank of Ste. Genevieve
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The Celebration!!!!
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The Pledge of Allegiance and Ribbon Cutting
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A Happy Day in Bloomsdale
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Theres No Place Like Home...
Especially When Home is Bloomsdale
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Bloomsdale ApartmentsTDC 84,260 AHP 66,600

• Bank of Ste. Genevieve-member
• Bloomsdale Senior Apartments, Inc
• 24 seniors apartments
• 17,660 reserve account
• Roof, gutters, windows, parking lot

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House of RefugeTDC 57,588 AHP 40,000

• Montgomery First National-member- Sikeston MO
• Domestic Abuse Shelter
• no shelter available in 2 counties
• Phyllis Minner--USDA community development
  manager---now also president of the shelters
  board.

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The Federal Home Loan Bank System
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The System

• Authorized by Congress in 1932, the System is
  comprised of 12 regional FHLBanks and the Office
  of Finance, the Systems centralized debt
  issuance facility.

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Membership in the Home Loan Bank Systemsince
1990
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Home Loan Bank MembershipBy State As of 12/31/01
Total Membership 1,227
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Strategic tools provided by the Home Loan Bank

• Community Investment Advance
• Affordable Housing Program
• Technical Assistance

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Community Investment Products

• Commercial Lending
• Residential Lending
• The Living Wage Advance
• Main Street Advance

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Community Investment Program

• Since Program establishment, nearly 500,000
  housing units and 23 billion in community
  lending have resulted. Also, CIP
• has made 1 billion in loans
• for 700 local community
• development projects.

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Terms

• Maturity
• 6 months up to 20 years
• Pricing
• Pricing at cost of funds plus either 2 or 9 basis
  points above the FHLB cost of funds.
• Lock-in Rates
• For any 15-day period up to 90-day locks and
  up-to-date pricing
• Maximum
• 5,000,000 or 15 of all CIP advances,
• whichever is greater
• Approval of Application
• Approval usually granted same day
• additional conditions and limitations apply

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MAIN STREET ADVANCE

• Focused on downtown and mainstreet revitalization
  programs or Commercial Revitalization Districts.

• Types of loans that may qualify
• real estate
• infrastructure
• equipment
• Small business loans including retail

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The Living Wage Advance

• The Living Wage Advance rewards members for doing
  business with customers who help people earn a
  living wage.
• A funding source for financing businesses whose
  employees are paid at or above a living wage.

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Terms

• Maturity
• 6 months up to 20 years
• Pricing
• 2 basis points above banks cost of funds

• Limited Availability
• Main Street and Living Wage Advances may not
  exceed 100 million of the total CIA balances
• Maximum
• 4,000,000 per member
• additional conditions and limitations apply

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Commercial Lending

• The flexibility of the Community Investment
  Advance makes it possible for you to support your
  community and get a discounted rate for...
• commercial lending
• public works or infrastructure projects
• small business loans

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Residential LendingMulti-Family and Single
Family Properties

• A practical tool to provide financing for
  affordable housing.
• urban or rural areas
• single or multi-family properties
• rental or owner-occupied units
• construction or rehabilitation

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Affordable Housing Program

• The AHP is a twice a year, competitive grant
  program benefiting households at or below 80 of
  the area median income.
• The grants promote partnership among FHLBDM,
  member financial institutions, and community
  development organizations.

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• AHP grants must be used for the following
  purposes
• Purchase, construction or rehabilitation of
  owner-occupied homes benefiting persons at or
  below 80 of the area median income.
• Purchase, construction or rehabilitation of
  rental housing for very low to low income
  households with at least 20 of the units
  reserved for families with income at or below 50
  of the area median income.
• Partnerships for affordable housing projects with
  profit and nonprofit organizations.

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AHP Grants for theHome Loan Bank Systemsince
inception in 1990
in millions
Grand Total 1,153,000,000
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AHP Units By State As of 12/31/01
Grand Total 23,915 Units
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AHP Grants By State As of 12/31/01
Total 81.3 million
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Rural Homeownership Fund

• 1.5 million available through members for
  downpayment, closing costs (including homebuyer
  education) and rehab in purchasing a home.
• Any buyer first time or not.
• up to 5000 for first time buyer, 2500 for other
  buyers
• Current list of communities on the web site.
  Applications are out to members for this years
  offering
• You can see the complete guidelines on the web
  site

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Native American Homeownership Initiative

• The Board of Directors has approved utilizing
  250,000 from the AHP to fund homeownership on
  American Indian Reservations. First FHLB bank to
  set aside funds for this purpose.
• This will be offered to members to match with
  their mortgage loan programs
• Anticipate a minimum of 50 homeownership loans.

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Delta Housing ImprovementTDC 535,000 AHP
210,000

• Farmers Bank of Portageville-member
• Delta Area Economic Opportunity Corp
• 70 homeowner rehabs
• 200,000 USDA 504 loan
• 20,000 USDA 504 grant
• 70,000 weatherization
• 35,000 Housing Trust Funds

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Uptown ApartmentsTDC 581,258 AHP 60,000

• Tracy State Bank-member
• SW Minnesota Housing Partnership
• 12 units Rental Acquisition and Rehab
• 140,000MHFA Deferred Loan
• 137,914 USDA assumption
• 161,086 USDA rehab
• 79,000 Sellers Contribution

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AHP SCORING

• Compete based on a 100 point system
• 40 of the points are designated by the local bank
  across nine categories.
• Donation of land or units
• non-profit or governmental sponsorship
• housing the homeless
• empowerment--supportive or technical

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AHP Scoring

• First District Priority-from a list in the
  regulations. Des Moines uses Community
  Development (Empowerment Zones, Champion,
  NAHASDA) and Community Involvement (donated goods
  and services)
• Second District Priority- Des Moines is
  homeownership at or below 60 AMI-rehab or
  purchase

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AHP Scoring

• Subsidy per unit--lowest gets the most points. In
  Des Moines we award up to 15 points with no
  points awarded for requests at 16,000 or more
  per unit
• Community Stability---Des Moines awards points
  for rural, infill, adaptive reuse, preservation
  of project based units.
• Points for serving very-low income residents

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How to win

• Maximize your points by asking for a review of
  the application by Home Loan Bank Staff.
• Be specific in the application so that it is easy
  to understand what you are doing.
• Have Home Loan Bank staff do a presentation for
  your staff.

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Federal Home Loan Bank of Des Moines

• www.fhlbdm.com
• Curt Heidt, Community Investment Officer
• 800 544 3452 ext 1175
• cheidt_at_fhlbdm.com

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Federal Home Loan Bank of Des Moines

• Curt Heidt, Community Investment Officer
• 515 281 1175 or 1-800-544-3452 ext 1175
• cheidt_at_fhlbdm.com
• www.fhlbdm.com