BankWest Mitchell and FHLB, award $35,000 to area orgs
BankWest, in partnership with FHLB Des Moines, is pleased to announce that the Abbott House, Inc., LifeQuest, Mitchell Area Housing and Weekend Snack Pack will receive a total of $35,000 in grant funding from the Member Impact Fund.
BankWest Mitchell and FHLB, award $35,000 to area orgs
BankWest, in partnership with FHLB Des Moines, is pleased to announce that the Abbott House, Inc., LifeQuest, Mitchell Area Housing and Weekend Snack Pack will receive a total of $35,000 in grant funding from the Member Impact Fund.
BankWest, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that the Abbott House, Inc., LifeQuest, Mitchell Area Housing and Weekend Snack Pack will receive a total of $35,000 in grant funding from the Member Impact Fund. This matching grant program will result in BankWest and FHLB Des Moines awarding $700,000 in funding to support affordable housing and community development in South Dakota communities.
“At BankWest, we believe strong communities are built when local organizations have the resources they need to serve others,” said Liz Salmonson, BankWest’s Branch Manager in Mitchell. “Through our partnership with FHLB Des Moines, we’re proud to support these organizations and invest in projects that strengthen housing, opportunity and quality of life for people across the Mitchell area.”
BankWest applied for and received matching grant funds for the following projects:
“This grant is a meaningful investment in the lives of the people we serve,” said Brian Loken, LifeQuest Development Director. “With this support from BankWest and FHLB Des Moines, we’re able to expand independent living opportunities for individuals with developmental disabilities and create housing that promotes dignity, stability and independence.”
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 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.
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.
“At BankWest, we believe strong communities are built when local organizations have the resources they need to serve others,” said Liz Salmonson, BankWest’s Branch Manager in Mitchell. “Through our partnership with FHLB Des Moines, we’re proud to support these organizations and invest in projects that strengthen housing, opportunity and quality of life for people across the Mitchell area.”
BankWest applied for and received matching grant funds for the following projects:
- Abbott House, Inc. ($8,750) – Development of their new location in Rapid City, SD.
- LifeQuest ($8,750) – The organization is building tiny homes for people with developmental disabilities in Mitchell. This provides independent living with remote staff support at night for their clients. The homes are rough 700 square foot to include a bedroom, bathroom, kitchen, and living space.
- Mitchell Area Housing ($8,750) – Construction and land development expenses on new housing development.
- Weekend Snack Pack ($8,750) – Provide snacks and easy to prepare meals for the weekend to Mitchell students.
“This grant is a meaningful investment in the lives of the people we serve,” said Brian Loken, LifeQuest Development Director. “With this support from BankWest and FHLB Des Moines, we’re able to expand independent living opportunities for individuals with developmental disabilities and create housing that promotes dignity, stability and independence.”
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 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.
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.