As a member of the Federal Home Loan Bank of Des Moines (FHLB Des Moines), we helped secure $10.4 million in Affordable Housing Program (AHP) grants in 2025.
The funding will create and preserve 127 rental homes in Redmond, Oregon; Fort Thompson, South Dakota; and Sheridan, Wyoming.
- Mountain View Community Development — Mountain View Community Village
- Award: $3,000,000
- Impact: 75 new rental homes for local families
- Crow Creek Housing Authority
- Award: $1,500,000 for 10 new rental homes
- Award: $2,919,034 to rehabilitate 22 existing homes
- Impact: Expanded and improved housing options for the community
- Volunteers of America Northern Rockies — Transitional Homes
- Award: $3,000,000
- Impact: 20 transitional rental homes supporting individuals on their path to stable housing
Home offers stability, health, and opportunity. By partnering with FHLB Des Moines and local organizations, we help more families and individuals access safe, affordable housing. These investments strengthen neighborhoods, support local economies, and foster long‑term community well‑being.
“We’re honored to work alongside our partners to bring these vital housing projects to life,” said Amberly Pahut, First Interstate’s Director of Community Responsibility. “Together, we’re building homes and hope across our region.”
AHP is a competitive grant program of FHLB Des Moines. The program helps finance affordable housing for low‑ and moderate‑income households through partnerships with member financial institutions and local organizations.
We are dedicated to enhancing the communities we serve — through banking services, philanthropy, volunteerism, and partnerships that make a real difference. Explore our Community Scorecard.
