$1 Million for Affordable Housing & Community Impact

Great things are happening! Think Bank, in collaboration with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), is excited to share that $1 Million in grant funding has been awarded to 28 organizations in Minnesota through the Member Impact Fund. Think directed grant funding priorities that align closely with their overall giving priorities of affordable and emergency housing, food security, youth mentorship and education, and social and mental health services.

 

When asked about the impact of these gifts, Jenny Hosfeld, CEO at Think Bank responded, “We believe that strong communities are built when we come together to support one another, and we’re honored to play a part in helping each organization continue their incredible work. The matching funds from FHLB is a reminder of what’s possible when we partner to invest in our neighbors —and we hope it inspires others to join us in creating lasting, positive change.”

 

This matching grant program is part of a $20 million initiative from FHLB Des Moines to boost affordable housing and strengthen community development efforts across Minnesota.

 

“The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development,” says Kris Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships centered around improving local communities in such a variety of ways.”

Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines. Member institutions apply and receive Member Impact Fund matching grants to be distributed to eligible organizations alongside their own grant contribution. 

About Federal Home Loan Bank of Des Moines
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement. 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. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.

About Think Bank
Think Bank is a community bank headquartered in Rochester, Minnesota, with full-service offices in Rochester, Apple Valley, Eagan, and Edina. As a mutual financial institution, Think is owned by its customers which drives their people-first approach. Their broad range of services includes full-service banking, mortgage, financial planning, and insurance. Learn more at thinkbank.com.