Federal Home Loan Bank of Des Moines Announces 2015 Strong Communities Award

Des Moines, Iowa – June 25, 2015 – (RealEstateRama) — The Federal Home Loan Bank of Des Moines (FHLB Des Moines) has announced details for the 2015 Strong Communities Award. Beginning on July 20, 2015, FHLB Des Moines members and partners will have the opportunity to win $15,000 to promote small business growth and retention in their communities.

The award recognizes the value that communities derive from economic development projects, from recruiting a new grocery store, renovating a historic building in the heart of the downtown district into a multi-use facility, supporting the expansion of a technology incubator, to understanding the importance of providing opportunities to small and minority contractors.

FHLB Des Moines members and partners throughout the district, including 13-states and three U.S. Pacific territories, are eligible to apply. The application period will open on July 20, 2015 and nominees will be accepted through August 31, 2015.

The process to determine two $15,000 winners, one urban and one rural, will feature a voting component that will be open to the public. For information about the award or how to apply, visit www.fhlbforcommunity.com or contact:

Mitch Fastenau

Communications and External Relations Coordinator

Federal Home Loan Bank of Des Moines
mfastenau (at) fhlbdm (dot) com
515.281.1069

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The Federal Home Loan Bank of Des Moines is a member-owned cooperative that provides funding solutions and liquidity to nearly 1,500 financial institutions to support mortgage lending, economic development and affordable housing in their communities. Serving 13 states and three U.S. Pacific territories, FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. The Des Moines Bank is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.

For More Information:
Mitch Fastenau
Communications and External Relations Coordinator
515.281.1069
mfastenau (at) fhlbdm (dot) com

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