Funds will revitalize neighborhoods and improve living conditions for 222 low-income households in North and South St. Louis County and South St. Louis City
St. Louis-based community banks Midwest BankCentre and Enterprise Bank & Trust have sponsored more than $5.4 million in grants for three St. Louis nonprofits from the Federal Home Loan Bank of Des Moines (FHLB Des Moines) through its Competitive Affordable Housing Program (AHP). These funds will support affordable housing initiatives led by Beyond Housing, The Housing Partnership, and the Tower Grove Community Development Corporation, helping rehabilitate homes and rental properties for 222 low-income households across North and South St. Louis County and South St. Louis City, including those owned by seniors, individuals with disabilities, and immigrant families.
FHLB Des Moines is one of 11 regional banks that make up the Federal Home Loan Bank System. FHLBs provide funding solutions and liquidity to member banks to support mortgage lending, economic development, and affordable housing. Each year FHLB Des Moines reserves 10% of its net income to support affordable housing and invites its member banks to sponsor applications from nonprofits in their communities.
Midwest BankCentre and Enterprise Bank & Trust, as FHLB Des Moines member banks, successfully secured these affordable housing grants, which support the development, acquisition, or rehabilitation of housing for residents earning 80% or less of the area’s median income.
The impact of these efforts is significant. Midwest BankCentre secured $3.2 million in grants and Enterprise Bank & Trust sponsored $2 million. Since 2015, Midwest BankCentre has facilitated more than $18 million in FHLB Des Moines affordable housing grants for St. Louis nonprofits, improving living conditions for 841 low-income households. Enterprise Bank & Trust has sponsored more than $14.9 million since 2005, supporting 20 rental and home ownership projects in St. Louis.
“These grants aren’t just dollars and cents, they’re about people. They’re about neighbors helping neighbors build better lives. When a home gets a new roof or updated plumbing, it benefits the whole street and the entire community,” said Wes Burns, Executive Vice President, Community and Economic Development at Midwest BankCentre.
“Access to safe and affordable housing is life-changing,” added Monica Campbell, Vice President – Community Development Officer at Enterprise Bank & Trust. “These grants allow us to directly support families, seniors, and individuals with disabilities by funding essential home repairs. Strong housing leads to stronger communities, and we’re proud to be part of that solution.”
FHLB DES MOINES GRANT ALLOCATIONS
Beyond Housing ($3,999,920)
Beyond Housing received two grants totaling $3,999,920, sponsored by Midwest BankCentre and Enterprise Bank & Trust to fund home repairs for low-income residents, seniors, and individuals with disabilities in North St. Louis County, where decades of disinvestment have led to deteriorating housing conditions.
- Midwest BankCentre-sponsored $1,999,920 grant will support repairs for 80 owner-occupied homes in Berkeley and Jennings.
- Enterprise Bank & Trust-sponsored $2 million grant will fund repairs for 80 homes in Bel-Nor, Bel-Ridge, Beverly Hills, Greendale, Hanley Hills, Pagedale, Pasadena Park, Pine Lawn, Uplands Park, Vinita Park, and unincorporated areas of the Normandy School District.
Repairs will include roofing, HVAC systems, siding, windows, doors, gutters, waterproofing, concrete work, carpentry, electrical and plumbing upgrades, and accessibility, age-in-place, and energy efficiency modifications. Beyond Housing will oversee both projects and provide homeowner empowerment services, including financial literacy education, budgeting, and counseling.
The Housing Partnership Home Repair Program ($1,209,600)
A Midwest BankCentre-sponsored $1,209,600 grant will fund the rehabilitation of 60 homes owned by seniors and individuals with disabilities in the Lemay, Affton, and Mehlville communities of South St. Louis County. Many of these homes pose significant safety and health risks and do not meet code requirements. Repairs will include roofing, siding, masonry, electrical and plumbing work, and accessibility improvements.
Tower Grove Community Development Corporation ($219,266)
A Midwest BankCentre-sponsored $219,266 grant will fund the renovation of a vacant multifamily building at 3772 Chippewa Street in South St. Louis City. Originally built in 1935, the Tower Grove Community Development Corporation will transform the building into two rental units—a three-bedroom and a four-bedroom—designed for immigrant families in collaboration with the International Institute of St. Louis. The renovation includes structural rehabilitation, ADA compliance, HVAC and electrical upgrades, and new interior finishes. One unit will be ADA-accessible.
COLLABORATIVE IMPACT
Through these grants, Midwest BankCentre and Enterprise Bank & Trust, in partnership with Beyond Housing, The Housing Partnership, and the Tower Grove Development Partnership, are making a strategic investment in community well-being. These initiatives provide safe, stable, and comfortable housing for low-income households, including seniors, individuals with disabilities, and immigrant families.
By addressing critical housing needs, these efforts strengthen neighborhoods, build community pride, and create a foundation for a more equitable St. Louis region. This collaboration shows the power of partnerships between financial institutions and local organizations in driving meaningful, long-term change.
About Midwest BankCentre
Midwest BankCentre is the second largest privately held community bank in the St. Louis region and a cornerstone of the greater St. Louis community banking scene since its founding in 1906. As of December 31, 2024, the bank’s assets are approximately $2.81 billion, with total deposits of approximately $2.34 billion. The bank employs nearly 280 team members across locations in St. Louis City and County, Jefferson and St. Charles Counties in Missouri, St. Clair County in Illinois, a business production office in Kansas City, Missouri, and 11 additional states nationwide.
Midwest BankCentre empowers individuals, enables businesses, and energizes neighborhoods through the strength of its financial services. These include personalized consumer and business banking, business cash management, mortgage lending, home equity loans, financial planning and investments, insurance, and digital banking solutions.
The bank’s dedication to innovation, inclusivity, and service excellence has garnered recognition through numerous national and local honors, including Energage’s National Top Workplace awards in 2021, 2022, 2023, and 2024, with recognition for diversity, equity, and inclusion practices; Newsweek’s 2025 List of America’s Best Regional Banks; the Bauer Financial 5-Star Superior Financial Rating every quarter since 2001; and MortgageYields.com’s Top 10 Mortgage Banker list every quarter since 2001. The bank also earned the St. Louis Business Journal’s Innovation in Philanthropy Award in 2023 and the Champions of Diversity & Inclusion Award (for-profits) in 2022. For more information, go to www.midwestbankcentre.com.
About Enterprise Bank & Trust
Enterprise Bank & Trust is a growing financial services partner focused on guiding people to a lifetime of financial success. We empower privately held businesses to succeed, helping families to secure their financial futures and invest to advance the quality of life for the communities we serve. Enterprise is built on trusted, personal relationships and offers a range of business and personal banking services, wealth management services and a variety of specialized banking services. Enterprise Financial Services Corp (NASDAQ: EFSC), with approximately $15.6 billion in assets, is a financial holding company headquartered in Clayton, Missouri. Enterprise Bank & Trust operates more than 40 branch offices in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico, along with SBA loan production offices and deposit production offices throughout the country. Additional information is available at www.enterprisebank.com. Member FDIC.
About Beyond Housing
Beyond Housing is a nationally recognized community development organization that works to strengthen families and transform under-resourced communities to create a stronger, more equitable, and prosperous St. Louis region for all. Beyond Housing’s comprehensive model is built on the understanding that strengthening families and transforming underserved communities isn’t simple – it’s complex and requires a comprehensive, multi-pronged effort. Beyond Housing has created an infrastructure of staff, partners, programs and relationships that is essential for fulfilling its comprehensive model in order to create a stronger St. Louis – once and for all. Visit beyondhousing.org for more information.
About The Tower Grove Neighborhoods Community Development Corporation
The Tower Grove Neighborhoods Community Development Corporation (TGCDC) is a consolidation of Grand Oak Hill Community Corporation, Southwest Garden Housing Corporation and Shaw Neighborhood Housing Corporation. The three organizations have served the community for more than 40 years. As a combined entity, TGCDC continues the tradition and supports the area’s growth as a real estate-related community development corporation by promoting responsible development, tenant screening, housing placement, affordable housing development, and diverse character and vibrancy in Saint Louis City and beyond. Through local development and community progress expertise, TGCDC serves as a resource to neighborhood residents, buyers/renters, developers, real estate agents and business owners.
About The Housing Partnership, Inc.
For more than 25 years, The Housing Partnership, Inc. (THP) has worked to strengthen and stabilize the St. Louis community. THP’s efforts include the development of affordable homes for homeowners and renters in Lemay, homebuyer education and counseling services, down payment and closing cost assistance for homebuyers, and home repair programs for homeowners. All of THP’s programs are designed for low- and moderate-income households.
To date, THP has developed more than 70 new construction and rehabilitated homes; administered more than $3 million in home repair grants, assisting hundreds of existing homeowners with needed repairs; and has facilitated down payment and closing cost assistance to more than 330 low- and moderate-income homebuyers throughout the metropolitan area. THP is a 501(c)(3) nonprofit organization, a Community Housing Development Organization, and a HUD Approved Housing Counseling Agency.
About Federal Home Loan Bank of Des Moines
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 please visit www.fhlbdm.com.
