FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant

What is FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant is a grant for homebuyers in Iowa, administered by Federal Home Loan Bank of Des Moines (delivered via member financial institutions).

• NAHI is a $25,000 down payment and closing cost assistance grant for qualifying Native American, Alaska Native, and Native Hawaiian first-time homebuyers earning up to 80% AMI, delivered through FHLB Des Moines member banks. Eligible for purchase, related repairs, and new construction (with approval).
• Up to $25,000 grant.
• Eligible on and off tribal land.
• New construction and repairs eligible.
• Forgiven after 5 years.
• Funding comes from FHLB Des Moines Affordable Housing Program (10% of net income).

How much assistance does it provide?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant offers up to $25,000 in assistance.

• The program can be combined with Other down payment products including Home$tart.
• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Des Moines (delivered via member financial institutions) determines any individual award.

Do you have to pay it back?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale of home within 5 years (prorated repayment); self-extinguishing deed restriction.
• The assistance is recorded in Secured via 5-year deed restriction/lease addendum; may be in any recording position position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant limits household income to 80% of the area median income, which varies by county and household size.

• At or below 80% of area median income (HUD or NAHASDA income limits) based on household size; includes income of all current and intended household members.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant can be used for Single Family, Manufactured, 2-4 Unit, and Community Land Trust.

• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant names American Indian and Alaska Native buyers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant serves buyers purchasing anywhere in Iowa.

How do you apply?

Applications for FHLB Des Moines Native American Homeownership Initiative (NAHI) Grant go through Federal Home Loan Bank of Des Moines (delivered via member financial institutions), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Financial literacy / homebuyer education program required prior to closing (up to $250 of grant may cover costs).

2. 2

   Contact Federal Home Loan Bank of Des Moines (delivered via member financial institutions) to reserve funds

   Funds are reserved through First-come, first-served via DP Online (eAdvantage); reservation before closing, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.