$1.5 Million Grant Awarded to Assist Home Buyers

The City of Minneapolis has recently been granted a 1.5 million dollar grant to assist prospective home buyers with down payments and closing costs. With home foreclosures on the rise in Minnesota, some say there is a need to protect the investments of current home owners in the community.

KFAI's Anibal Prestan speaks with Gary Dodge, Vice President of Community Investment at the Federal Home Loan Bank of Des Moines, about how this grant money will protect current home owners by assisting potential home buyers.

January 7, 2009

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