FMLB of Des Moines – Montana Member Impact Fund (2026)
Matching Grants for Affordable Housing & Community Development in Montana
Organization: Federal Home Loan Bank of Des Moines
Program: Member Impact Fund – Montana
Support Type: Matching grants (up to 3:1 match)
Geographic Focus: Montana (recipients must be located in Montana)
About the Program
The Montana Member Impact Fund provides up to $4 million in total grant funding to support affordable housing and community development initiatives across the state.
Through this competitive matching program, FHLB Des Moines will provide up to $3 in grant funding for every $1 contributed by a member financial institution, whose eligibility is confirmed by the Bank.
Grants may be used for capacity building or working capital to advance affordable housing or community development projects.
⚠️ Important: Only FHLB Des Moines members (not nonprofits directly) may submit applications. Nonprofits must partner with a participating member institution.
Funding Structure
- Match Ratio: Up to 3:1 (FHLB funding to member contribution)
- Minimum Member Contribution: $2,500 per application
- Maximum Member Contribution: $200,000 total across all applications
- Total Funding Available (Montana): Up to $4 million
What This Program Supports
Funding may support projects within two primary categories:
Affordable Housing
Eligible uses include:
- Pre-Development: Land banking, feasibility studies, engineering, legal fees, permitting, environmental review
- New Construction or Acquisition: Site acquisition, infrastructure, construction costs, labor, appraisals
- Rehabilitation/Preservation/Climate Resiliency: Energy efficiency upgrades, seismic upgrades, adaptive reuse, broadband expansion
- Housing Financial Assistance: Rental assistance, down payment support, mortgage or utility assistance
- Housing Services: Emergency shelters, financial literacy, first-time homebuyer education
- Capacity Building: Staff hiring/training, technology upgrades, strategic planning
Community Development
Eligible uses include:
- Community facilities acquisition or rehabilitation
- Recreation programs
- Food security initiatives
- Youth programs and mentoring
- Supportive services for vulnerable populations
- Job training and workforce development
- Small business incubation and support
- Organizational capacity building
Timeline & Key Dates
📅 Application Window: March 16 – April 3, 2026 (until 4:30 p.m. CT)
📅 Awards Announced: On or around April 17, 2026**
Applications must be submitted through the FHLB Des Moines eAdvantage portal by participating members.
Eligibility
- Grant recipients must be located in Montana
- Projects must align with affordable housing or community development objectives
- Applications must be submitted by an eligible FHLB Des Moines member institution
Application Process
Nonprofits should:
- Identify and partner with an eligible FHLB Des Moines member institution
- Collaborate with the member to structure the required matching contribution
- Ensure project alignment with program categories and capacity-building goals
Applications are submitted by members through the eAdvantage system under “Voluntary Program / Member Impact Fund.”
Apply / Learn More
➡️ https://www.fhlbdm.com/products-services/affordable-housing/member-impact-fund/2026_mt/
Why This Opportunity Is a Good Fit
The Montana Member Impact Fund is a strong fit for:
- Affordable housing developers and service providers
- Community development organizations
- Nonprofits with shovel-ready projects or clear capital needs
- Organizations able to secure a committed FHLB member partner
With a generous 3:1 match structure, this program can significantly amplify local financial institution contributions to Montana-based housing and community initiatives.
Corporate Grants Guide Notes
Review Type: Competitive, annual window
Application Window: March 16 – April 3, 2026
Funding Structure: Up to 3:1 match
Best Suited For: Montana nonprofits partnering with FHLB Des Moines member institutions to advance housing or community development projects
