Federal Home Loan Bank of Des Moines’ Post

16,000. Winston-Salem is now short 16,000 affordable housing units. Addressing this crisis will require a lot of work. Piedmont Federal Bank is making a significant difference by supporting initiatives that benefit the community and turning the dream of homeownership into a reality for many. Here are 6 ways Piedmont Federal Bank is helping the community, one homeowner at a time! https://lnkd.in/gPuRhQZ4

The Federal Housing Finance Agency released its report on the #FHLBank system. Perspective from NeighborWorks President and CEO Marietta Rodriguez: “NeighborWorks America is pleased to see the Federal Housing Finance Agency report that calls for the Federal Home Loan Banks to increase their focus and support for affordable housing finance and community development. Our history and our network organizations are intrinsically linked to the FHLBanks and their member financial institutions who serve communities large and small. We look forward to continuing to engage with the FHFA in their collaborative process to modernize the Banks to meet the critical housing finance and community development needs of today and the next 100 years.”   Read More: https://lnkd.in/eqGmAU35

💡Investee Spotlight: the Federation of Appalachian Housing Enterprises (Fahe)    When rural and Native communities thrive, our country thrives: our economy is more successful, our culture more vibrant, and our future brighter.  Homeownership is the key to this success.      This National Homeownership Month, we’re showcasing Fahe—an RWJF borrower working to support homebuyers with low incomes across Appalachia.     Having already supported 524 households in securing a home, Fahe is expanding the secondary mortgage market—which lowers downpayment requirements and reduces overall mortgage expenses—to charter a path toward widespread change in the real estate system for rural families looking to unlock the wealth and health benefits of homeownership. Alongside an affordable housing crisis in the U.S., Fahe’s efforts to demonstrate the creditworthiness of these low-cost mortgages couldn’t be more crucial.     Learn more by following the link in their post below 👇👇

IFF CEO Joe Neri recently wrote an op-ed for American Banker highlighting the unique opportunity that exists to reshape the Federal Home Loan Bank system to better support community development following the recent review of the system by the Federal Housing Finance Agency (FHFA). As Joe details in the op-ed, putting the FHFA report's key recommendations into action has the potential to help real people in real communities by making housing affordable and communities thriving and stable. Read the op-ed here: https://lnkd.in/dVgVif2V

Let’s be clear, the Federal Housing Finance Agency's new report FHLB System at 100: Focusing on the Future is NOT about CDFIs . It is about ensuring that the Government-Sponsored Enterprise that is the FHLB system fulfills its dual mission of liquidity and meeting the nation’s housing and community development needs. Mission-based CDFIs are FHLB members and natural partners for using that liquidity to meet those housing and CD needs! Members like Fahe and Community Development Corporation of Brownsville that provide home mortgages in Appalachia and Rio Grande valley or IFF (CDFI) that provides vital permanent mortgages on Low Income Housing Tax Credit projects throughout the Midwest. Read my article in American Banker to understand that the status quo is not sustainable! FHLB Boards and Presidents need to embrace the Liquidity with Mission Purpose reform we need to help all communities thrive! https://lnkd.in/gMFyzCfN

🏡💸 Dreaming of homeownership but worried about the down payment? Take the leap with OUR COMMUNITY LOAN PROGRAM! 🚀 Discover how you can turn your dream into reality and unlock the door to your new home. Let's make owning a home possible together! #DownPaymentAssistance #HomeownershipJourney 🏠🔑

Our Community Lending Program not only opens doors to your dream home but also brings rate improvements in select areas. ?? Let's turn your homeownership dreams into reality – Call me today 865-745-5626 to learn more and take the first step towards owning your own home! ? #CommunityLending #HomeownershipGoals"

The Community Reinvestment Act (CRA) plays a pivotal role in fostering economic development and addressing the needs of underserved communities. Enacted in 1977, the CRA encourages financial institutions to meet the credit needs of all segments of their communities, including low and moderate-income neighborhoods. By doing so, it ensures that these communities have access to essential financial services, such as mortgages and small business loans, which are crucial for their growth and stability. The CRA not only promotes fair lending practices but also serves as a catalyst for community revitalization, as it compels banks to invest in local projects that benefit residents, leading to improved housing, job opportunities, and overall quality of life. The positive impact of the Community Reinvestment Act extends beyond the social realm, influencing the real estate market and providing opportunities for real estate professionals and mortgage lenders. As financial institutions engage in community development projects, property values in these areas tend to rise, presenting valuable opportunities for investment and growth. #theonesource #onekeymls #nyrealestate#nyrealtors #realestateadvice #realestatetips#longislandrealestate #nyhomes#nycrealestate #homeownership#housingmarket #askarealtor#realestatemarket #buyingahome#firsttimehomebuyer #homeselling #homeforsale #emptynest #dogfriendly #property #home #selling #foreclosure #home #SuffolkCountyRealEstate #MarketTrends #BuyersAndSellers #LadyAegisRealtyCorp #RonyPrincivilRealtor #NassauCountyRealEstate