CONTRACTPENDING

City of Salem awarded $500K Affordable Housing Grant

Disclosed value: $500,000; From agenda
Document date: Feb 22, 2022
Term: 24 months

What it covers

City of Salem partnered with Riverways Federal Credit Union for Affordable Housing Program with the Federal Home Loan Bank of Des Moines(FHLB). Total grant amount is $500,000 and the program effective dates are from February 1, 2022 through February 1, 2024.

Who holds it

Federal Home Loan Bank Des Moines holds this subsidy agreement contract with City of Salem. Its other public contracts on record include work for City of Hinckley and Town of Salem.

What happens next

Term as filed: 24 months.

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Contract details

Contract type: Subsidy Agreement
Amount: $500,000
Document date: February 22, 2022
Term: 24 months
Vendor: Federal Home Loan Bank Des Moines
Agency: City of Salem
Source document: city-of-salem-agenda-2022-02-22_991.pdf (Agenda)

Federal Home Loan Bank Des Moines's other public contracts

City of Hinckley, MinnesotaFederal Home Loan Bank Des Moines Donates to City Project · Jul 8, 2025 City of Hinckley, MinnesotaRestricted Ground Fill Station Donation Accepted · Jul 8, 2025$10K City of Hinckley, MinnesotaDonation From FHLB Des Moines For Fill Station · Jun 1, 2025$10K Town of Salem, MichiganFHLB provides $500K subsidy for housing · Feb 22, 2022$500K Penermon village, MissouriAffordable housing program subsidy agreement approved · Feb 22, 2022$500K All Federal Home Loan Bank Des Moines contractsVendor profile

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Questions about this contract

Who was awarded the subsidy agreement contract by City of Salem?

Federal Home Loan Bank Des Moines was awarded this subsidy agreement contract by City of Salem, as recorded on February 22, 2022. The contract value is $500,000.

How much is the Federal Home Loan Bank Des Moines contract with City of Salem worth?

The Federal Home Loan Bank Des Moines contract with City of Salem is valued at $500,000, covering subsidy agreement work.

What type of contract is this?

This is a Subsidy Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-salem-agenda-2022-02-22_991.pdf (Agenda), dated February 22, 2022 from City of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Federal Home Loan Bank Des Moines hold?

Federal Home Loan Bank Des Moines may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Salem currently buying?

Explore City of Salem's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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