Community News
One Million Dollars for Affordable Housing & Community Impact
Think Bank, in collaboration with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), is excited to share that $1 Million in grant funding has been awarded to 28 organizations in Minnesota through the Member Impact Fund. Think directed grant funding priorities that align closely with their overall giving priorities of affordable and emergency housing, food security, youth mentorship and education, and social and mental health services. When asked about the impact of these gifts, Jenny Hosfeld, CEO at Think Bank responded, “We believe that strong communities are built when we come together to support one another, and we’re honored to play a part in helping each organization continue their incredible work. The matching funds from FHLB is a reminder of what’s possible when we partner to invest in our neighbors —and we hope it inspires others to join us in creating lasting, positive change.” This matching grant program is part of a $20 million initiative from FHLB Des Moines to boost affordable housing and strengthen community development efforts across Minnesota. “The Member Impact Fund continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development,” says Kris Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships centered around improving local communities in such a variety of ways.” Since its founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines. Member institutions apply and receive Member Impact Fund matching grants to be distributed to eligible organizations alongside their own grant contribution.
Congratulations to the Following Chamber Members: • Bolder Options • Boys and Girls Club of Rochester • Doc's Recovery House
• Family Promise Rochester • Family Service Rochester • Friends of Quarry Hill Nature Center • Gamehaven Council, Inc. - Boy Scouts of America • Girl Scouts of MN and WI River Valley • Recovery Is Happening • SPARK • The Landing MN • Two Rivers Habitat for Humanity
34 | ROCHESTER AREA CHAMBER OF COMMERCE ADVANTAGE MAGAZINE — AUGUST 2025
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