The commercial lending program must create or retain jobs benefiting low and moderate income workers. The Community Investment Department can assist you with this qualification. The program allows for community infrastructure projects. Eligible proposals may provide sewer, water, fire protection or community revitalization. Programs must also be available for public use or provide a public service.
Recreational facilities are eligible if they are open to the public and located in an eligible area.
Programs not meeting these requirements may still be eligible. Eligibility Applicants must be members of the Home Loan Bank of Des Moines and must meet the Bank s normal credit criteria. Terms Maturity 6 months up to 20 years. Pricing Fixed-rate pricing at below market rates. Prepayment Fee Principal prepayment may result in a fee as defined by the Bank s credit policy.