Common Contracts

Affordable Housing Program Subsidy Agreement For Homeownership Down Payment Products

Iowa • November 5th, 2020

• Jurisdiction
  Iowa
• Filed
  November 5th, 2020

The Federal Home Loan Bank of Des Moines (“Bank”) and (“Member”) enter into this Affordable Housing Program Subsidy Agreement (“Agreement”), effective January 1, 2021, which sets forth the respective duties and obligations of the Bank and Member with regard to the approval and funding of subsidies under the Affordable Housing Program (“AHP”) Down Payment Products (“DPPs”) by the Bank (a “Subsidy” or “Subsidies”).