The Federal Home Loan Bank of Des Moines presented more than $458,000 for projects in Old Monroe and Festus on Tuesday in Jefferson City.
The Old Monroe Senior Housing Complex in Old Monroe received $298,400 from the FHLB Des Moines' competitive affordable housing program. The grant will go toward offsetting the anticipated $300,700 total development costs, according to information from FHLB Des Moines.
Rehabilitation will include new roofs and rain gutters, parking lot and sidewalk work, door replacements, new kitchen cabinets, ADA compliant fixtures and hard-wired smoke detectors.
Comtrea Inc. and Mary's House of Hope received a $160,000 grant to help create transitional housing for domestic violence victims in Festus. The building will be adjacent to the emergency shelter for domestic violence victims, Comtrea and Mary's House of Hope representatives said Tuesday.
U.S. Rep. Blaine Luetkemeyer, R-St. Elizabeth, was also present and emphasized the importance of affordable housing in Missouri.
The FHLB Des Moines serves 13 states and three U.S. Pacific territories. It is one of 11 regional banks that make up the Federal Home Loan Bank system.