Luminate Bank Powers $90K Investment into Housing in Action to Advance Housing Equity

Through a Strategic 3:1 Match with FHLB Des Moines, This Grant Supports Long-Term Solutions for Underserved Communities

MINNEAPOLIS, July 15, 2025 /PRNewswire/ -- Luminate Bank® is excited to announce that Housing in Action has received a $90,000 grant through the Federal Home Loan Bank (FHLB) of Des Moines Member Impact Fund. The award includes a $22,500 contribution from Luminate Bank matched 3-to-1 by FHLB Des Moines, bringing the total award to $90,000 to support community-based housing initiatives.

The FHLB Member Impact Fund was created to strengthen the connection between financial institutions and the communities they serve. By matching member bank donations, the program directs meaningful funding to local nonprofits working in housing stability, economic inclusion, and community development.

Housing in Action focuses on solving local housing challenges through advocacy, outreach, and direct support. This grant will allow the organization to further its work in addressing housing insecurity, particularly in underserved areas.

"Access to safe, affordable housing doesn't just change lives, but it also transforms communities," said Marc Campbell, CEO of Luminate Bank. "Housing in Action is doing the critical work of addressing systemic housing challenges head-on, and this grant is one way we can help them go even further. We're honored to stand beside them and proud to see our dollars matched and multiplied through the FHLB Member Impact Fund."

"The importance of community care and support right in this moment cannot be overstated," said Paul Vliem, Resources and Relationships Director at Housing in Action. "In a world that desperately needs us to put our values into action, we are so grateful to be joined by Luminate Bank and the FHLB in caring for our neighbors—both next door and miles away—through stable, dignified, affordable housing."

This is one of two successful Member Impact Fund partnerships led by Luminate Bank this year, demonstrating a continued investment in nonprofits that are driving real change.

About Housing in Action — Housing in Action is committed to building a future where safe, stable, and dignified housing is a reality for everyone. By building affordable homeownership opportunities, providing dignified rentals as a foundation for growth, creating accessible pathways to homeownership, and connecting communities to their elected officials, HIA seeks to offer relief to neighbors within the current unjust housing system while creating systemic change so our work is no longer needed.  

About Luminate Bank® — At Luminate Bank, We Open Doors—empowering individuals and families to achieve their financial dreams through personalized service and innovative digital solutions. As a nationwide bank headquartered in Minneapolis, Minnesota, we are committed to helping our clients meet their financial goals with a blend of modern technology, traditional values, and the trusted guidance of experienced professionals. Known for our exceptional commitment to customers, we take pride in delivering a seamless, supportive experience for every step of the journey. Our dedicated mortgage division has branches and a team of loan originators across the US, making expert home financing solutions accessible to communities nationwide.

Luminate Bank is committed to safeguarding your money and accounts with FDIC insurance coverage up to applicable limits. Learn more about how we can open doors for you at www.luminate.bank, follow us on Instagram, LinkedIn, and Facebook, or call (952) 939-7200.

Media Contact
Debbie Schwake, CMO
debbie.schwake@luminate.bank
952-698-3300

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SOURCE Luminate Bank