Twin Cities Housing Alliance receives $40,000 grant from Federal Home Loan Bank of Des Moines and Bridgewater Bank through the Member Impact Fund

(Minneapolis, MN) (June 23, 2025)– Twin Cities Housing Alliance is thrilled to announce it has received a $40,000 grant from Bridgewater Bank and the Federal Home Loan Bank of Des Moines (FHLB Des Moines) through the Member Impact Fund. This grant is part of $20 million in funding awarded by FHLB Des Moines through a matching grant program to support affordable housing and community development in Minnesota.

“As a local bank and leader in the affordable housing space, we’re proud to support the Twin Cities Housing Alliance as they make a meaningful impact. This partnership reflects our ongoing commitment to increasing the housing supply and strengthening communities across the Twin Cities,” said Nick Place, Chief Banking Officer of Bridgewater Bank.

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 up to $3 for every $1 in 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 enables our members to directly support local organizations who matter to them, creating value and a profound impact in their own communities,” said Kris Williams, president and CEO of FHLB Des Moines. “The commitment of Bridgewater Bank to champion organizations like Twin Cities Housing Alliance inspires us all.” 

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.

“We are honored to receive the grant funds that will allow TCHA to be more impactful in providing substantive expertise and technical assistance for sound housing policy,” said Cathy Capone Bennett, Executive Director of Twin Cities Housing Alliance.  “We also can increase our capacity to provide guidance and support for better communicating and engaging with diverse stakeholders on the importance of increasing housing supply across the Twin Cities.”

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.

About Twin Cities Housing Alliance

The Twin Cities Housing Alliance (TCHA) is a collaborative network dedicated to addressing housing challenges and strengthening community vitality in the Twin Cities region. Through strategic policy development, education, and impactful advocacy, TCHA works with local governments and allied organizations to ensure affordable, stable, and safe housing is attainable for all in our region.

TCHA brings together experienced professionals who have built, managed, financed, and preserved housing communities throughout the Twin Cities for decades. Our members bring expertise spanning the continuum and ecosystem of housing—private and nonprofit housing developers, architects, construction trades, banking and finance, advocacy organizations, civic and community organizations, and others. For additional information and resources, please visit  Twin Cities Housing Alliance.

About Bridgewater Bank

Bridgewater Bancshares, Inc. (Nasdaq: BWB) is a St. Louis Park, Minnesota-based financial holding company founded in 2005. Its banking subsidiary, Bridgewater Bank, is a premier, full-service bank dedicated to providing responsive support and simple solutions to businesses, entrepreneurs, and successful individuals across the Twin Cities.

Bridgewater offers a comprehensive suite of products and services spanning deposits, lending, and treasury management solutions. Bridgewater has also received numerous awards for its banking services and esteemed corporate culture. With total assets of $5.1 billion and nine strategically located branches as of March 31, 2025, Bridgewater is one of the largest locally-led banks in Minnesota and is committed to being the finest entrepreneurial bank. For more information, please visit www.bridgewaterbankmn.com. 

About Federal Home Loan Bank of Des Moines

The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement.

FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.