Dakotaland Federal Credit Union partners with Federal Home Loan Bank of Des Moines to award $8,750 to Mitchell Area Housing Inc. through the Member Impact Fund Grant Program
(Mitchell, SD) (March 13, 2026) - Dakotaland Federal Credit Union, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that Mitchell Area Housing Inc. (MAHI) of Mitchell, South Dakota will receive an $8,750 grant from the Member Impact Fund. This matching grant program will result in FHLB Des Moines awarding over $12.9 million in funding to support affordable housing and community development in Alaska, South Dakota, Guam, and the Commonwealth of the Northern Mariana Islands.
Mitchell Area Housing Inc. (MAHI) is a non-profit housing organization whose purpose is to facilitate and assist families in securing good quality housing. Terry Sabers, MAHI’s President, commented, “This grant will assist in meeting our goal of providing new affordable homes, with no maintenance worries for years, to either first time homebuyers or those with lower incomes, to be able to see the benefits of home ownership themselves. For many of them this dream would not be possible without financial support like this grant.” Learn more by visiting www.mitchellareahousing.com.
Dakotaland Federal Credit Union’s Mitchell Branch Manager, BJ Wiest shared, “By leveraging the Federal Home Loan Bank partnership, Dakotaland can boost local impact, turning resources into ‘keys in hand’ for Mitchell families. Supporting Mitchell Area Housing does not just put a roof over someone’s head, it builds long-term financial stability and strengthens the entire community. Providing that ‘bridge’ for home buyers is often the difference between a dream and the reality of owning a home.”
FHLB Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development, and affordable housing in the communities they serve. The Member Impact Fund provides FHLB Des Moines members with matching grant donations to strengthen the ability of not-for-profits or government entities to support the needs of their communities.
“The Member Impact Fund is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”
Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs, including job training, affordable housing, financial literacy, food banks and youth programs.
This member matching grant program is part of FHLB Des Moines’ ongoing mission to offer a variety of funding options through its members.
Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding - reflecting the organization’s strong commitment to partnership and impact.
