It’s only been two weeks since Bryan Schuler shared the good news of three recent Affordable Housing Program (AHP) awards for our clients from the Federal Home Loan Bank of Des Moines. Today, I am pleased to share one more. Little Priest Tribal College, the Winnebago Tribe of Nebraska’s higher education institution, received an AHP award of $376,627 for new housing in Winnebago, NE from the Federal Home Loan Bank of Chicago.
The project will build 27 new apartments and provide housing for students, some of whom have a history of homelessness. The apartments are part of a larger (and award-winning!) community development effort known as Ho-Chunk Village, which combines housing, commercial and retail space along with walking paths and green space. This grant will reduce the college and tribe’s contribution to the project.
Bay Bank is the member bank sponsoring the grant and is owned by the Oneida Nation.
In addition to this project, the Winnebago Tribe has another $107 million in economic development projects in the works in Iowa, Nebraska and South Dakota. Congratulations to the Winnebago Tribe for such amazing achievements!
We are also extremely proud to count this project in our AHP totals of nearly $24 million for 35 projects. If you are interested in applying for AHP funds, whether for a LIHTC project or a non-LIHTC project, or a homeownership project or a rental project, please contact us, and we can review with you the opportunity for accessing this resource.
For more information about other AHP awards, see these other blogs:
Affordable Housing Program (AHP) funds continue to be an excellent leveraging tool for tribal LIHTC projects
Nearly $2 million in AHP grants awarded to four Travois clients
Travois tops $20 million in AHP funds for clients with three more awards in the last month
Closing out the year with client good news
Tribes use FHLB’s Affordable Housing Program to leverage LIHTC projects
Housing Authority of the Seminole Nation receives AHP award
Travois’ AHP success continues
Travois successful with four more AHP applications, totaling more than $2.2 million
Travois clients awarded a total of nearly $1.5 million in AHP funds
Tribal tax credit projects receive additional $1.12 million in AHP funds