Affordable Housing Program Subsidy Agreement Sample Contracts

Contract
Affordable Housing Program Subsidy Agreement • February 3rd, 2021 • Iowa

The Federal Home Loan Bank of Des Moines ("Bank"), ("member"), and ("project sponsor") enter into this Affordable Housing Program Subsidy Agreement For Owner Occupied Project (“Agreement”), effective December 12, 2020, which sets forth the respective duties and obligations of the Bank, member and project sponsor with regard to the approval and funding of the member's Affordable Housing Program (“AHP”) Application ("Application") by the Bank. Throughout this Agreement, the term “AHP Subsidy” or “subsidy” means the funds awarded by the Bank under this Agreement.

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Affordable Housing Program Subsidy Agreement For Homeownership Down Payment Products
Affordable Housing Program Subsidy Agreement • November 5th, 2020 • Iowa

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”).

Contract
Affordable Housing Program Subsidy Agreement • November 10th, 2020 • Iowa

The Federal Home Loan Bank of Des Moines ("Bank"), ("member"), ("project sponsor"), and (“project owner”) enter into this Affordable Housing Program Subsidy Agreement For Rental Project (“Agreement”), effective December 12, 2019 which sets forth the respective duties and obligations of the Bank, member, project sponsor and project owner with regard to the approval and funding of the member's Affordable Housing Program (“AHP”) Application ("Application") by the Bank. Throughout this Agreement, the term “AHP Subsidy” or “subsidy” means the funds awarded by the Bank under this Agreement.

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