News Archive

Entries in Federation Bank (2)

Thursday
May042017

Pledge to WEDG

We are reaching out to you about making an investment contribution to support the Washington Economic Development Group. Our 2017-2019 Pledge Goal is $100,000 annually for a 3-year campaign goal of $300,000.  This funding allows us to continue our mission; to create and promote an environment for Economic Development.

We are most appreciative of our investors from 2014-2016! Thank You to those businesses, individuals, and local governments!

And thanks to Federation Bank for being our first pledge in our 2017-2019 campaign! Federation Bank is a longtime Platinum-level investor in WEDG. Pictured below are Lynn Koch, Senior Lender & WEDG Board Director; WEDG Director Ed Raber; and bank CEO Jaimie Collier.

Washington County has blossomed into one of the most dynamic, innovative, entrepreneurial, and growing areas in Iowa. Year over year increases in population, labor force, jobs, family income, retail sales, renewable energy, and our distinctive agriculture sector have all set Washington County apart as a special, unique place. WEDG is proud to be an important part of fostering this growth and innovation.

Informed by those economic trends, WEDG works with existing business and industry, entrepreneurs, on workforce development, community development, and regional engagement. WEDG is a “Connector” organization.

Please consider clicking, printing, and completing the following Pledge Card by the end of May. Get it back to us at 205 W. Main St., Washington IA 52353. Your financial support will make a difference in Washington County. We need your help!

We would also like you to share your thoughts with us in a brief on-line WEDG Stakeholder Survey.

If you have any questions or would like a personal visit to discuss WEDG and our pledge campaign, please feel free to contact any of the Board of Directors or Ed Raber, the Executive Director. Thanks!

Thursday
Dec092010

Federal Home Loan Bank awards 2 grants in Washington County for rehab and homeownership assistance

The Federal Home Loan Bank of Des Moines recently awarded $3.1 Million for 16 projects in Iowa through its Affordable Housing Program (AHP).

Two of the 16 projects are in Washington County.  Riverside Senior Village received $110,000 for energy efficiency improvements to 28 senior affordable apartments, through FHLB partner Freedom Security Bank in Kalona. Village manager, Don Yoder prepared the FHLB application. The Village was originally financed by the USDA 35 years ago.

The second grant was $58,000 to Washington County for assisting 10 households with home ownership, including rehab assistance. This grant application was prepared by the East Central Iowa Council of Governments (ECICOG), through FHLB partner Federation Bank in Washington. Washington County has received FHLB AHP funding for the past several years.

In addition to these two projects in Washington County, there were an additional 5 FHLB grants in the 6-County ECICOG region. This is a remarkable achievement!


"The FHLB Des Moines Affordable Housing Program provides private funding for the acquisition, construction or rehabilitation of lower-income affordable housing units. Each year FHLB Des Moines commits 10 percent of its annual net income to developing affordable housing. This year, $16.3 million was awarded to 57 projects [in 5 states]."