TopLine FCU Awarded $294,000 FHLB Funding

Published February 03, 2013, 2:01 p.m. EST

Updated August 26, 2020, 10:28 p.m. EDT

1 Min Read

MAPLE GROVE, Minn. TopLine FCU won a $294,000 affordable housing grant from the Federal Home Loan bank of Des Moines that will be used to provide 50 homeowners in Brooklyn Park which has been hit by a high rate of foreclosures make improvements to their homes.

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The FHLB grant will be used to make forgivable loans to needy homeowners through the Brooklyn Park Home Repair Assistance, which was created with FHLB funding. The $325-million credit union will administer the loans.

“The funding made available through our partnership with FHLB Des Moines is filling a critical housing reinvestment niche in the community. Many Brooklyn Park homeowners without access to capital will be able to make needed home repairs,” said Brooklyn Park Mayor Jeffrey Lunde.

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