BankWest Tripp and FHLB, award $35,000 to Tripp Development Corp
BankWest, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that the Tripp Development Corporation has received $35,000 in grant funding from the Member Impact Fund.
BankWest Tripp and FHLB, award $35,000 to Tripp Development Corp
BankWest, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that the Tripp Development Corporation has received $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 Tripp Development Corporation has received $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’re committed to supporting projects that strengthen the communities we serve,” said Caleb Clements, Branch Manager at BankWest. “Partnering with FHLB Des Moines to support Tripp Development Corporation allows us to invest in affordable housing solutions that create stability, opportunity, and long‑term impact for local families.”
BankWest applied for and received matching grant funds for Tripp Development Corporation to help purchase a Governor's Home to be placed in the Tripp, SD community. This affordable housing project will provide housing for a qualifying family with an income of less than $81,760.
“This funding directly supports our mission to maintain and assist in the expansion of existing businesses and support the growth of new businesses while striving to improve the economy of the Tripp area,” said Caleb Finck with the Tripp Development Corporation. “By investing in affordable housing, we’re helping ensure families have a stable place to live—strengthening our workforce and our community for the long term.”
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’re committed to supporting projects that strengthen the communities we serve,” said Caleb Clements, Branch Manager at BankWest. “Partnering with FHLB Des Moines to support Tripp Development Corporation allows us to invest in affordable housing solutions that create stability, opportunity, and long‑term impact for local families.”
BankWest applied for and received matching grant funds for Tripp Development Corporation to help purchase a Governor's Home to be placed in the Tripp, SD community. This affordable housing project will provide housing for a qualifying family with an income of less than $81,760.
“This funding directly supports our mission to maintain and assist in the expansion of existing businesses and support the growth of new businesses while striving to improve the economy of the Tripp area,” said Caleb Finck with the Tripp Development Corporation. “By investing in affordable housing, we’re helping ensure families have a stable place to live—strengthening our workforce and our community for the long term.”
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.