Thanks to a partnership between Sunrise Banks and the Federal Home Loan Bank of Des Moines (FHLB Des Moines), eight South Dakota-based nonprofits will receive a combined total of $122,500 in financial grants through the FHLB Des Moines’ Member Impact Fund.
Individual grants range from totals of $8,750 to $43,750 and will help expand the efforts of these nonprofits to support affordable housing, community development and entrepreneurship in their communities.
The eight recipients of the Member Impact Fund grants are:
Four Bands Community Fund – Based in Eagle Butte, Four Bands Community Fund works to shift systems and expand equitable opportunities in small business, homeownership, and financial security for Native people. Sunrise Banks has engaged with Four Bands through multiple coalitions and direct meetings, building a growing relationship focused on supporting Native-led housing and economic development.
Total grant amount: $8,750
South Dakota Native Homeownership Coalition (SDNOC) – SDNOC based in Kyle promotes and strives to increase homeownership opportunities for Native people and workforce development for Housing Authorities, housing entities, and Native contractors. Sunrise Banks partners with SDNOC by actively participating in convenings and serving on the Sustainability Committee, supporting Native-led housing solutions and stronger homeownership pathways across South Dakota.
Total grant amount: $8,750
Great Plains Housing Initiative – Great Plains Housing Initiative (GPHI) based in Webster increases housing opportunities for Native people through innovative and sustainable development and financing strategies. The mission advances affordable housing by expanding and sustaining housing options, and it advances community development by strengthening Native communities through stable, innovative housing solutions across South Dakota. Sunrise Banks partners with GPHI through meetings, coalitions and shared initiatives to help advance and support these solutions.
Total grant amount: $8,750
Lakota Funds – The mission of Lakota Funds based in Kyle is to advance economic sustainability and self-reliance for the Oglala Lakota Nation through lending, financial education, and asset building. Sunrise Banks collaborates with Lakota Funds through GPHI, SDNOC, and the Mountain Plains Native CDFI Coalition, supporting Native-led housing, entrepreneurship, and co-created initiatives for veterans and families.
Total grant amount: $8,750
Sioux Metro Growth Alliance – Sioux Metro Growth Alliance (SMGA) is South Dakota’s largest rural economic development nonprofit, supporting 17 communities and four counties. Its mission is to empower communities to grow through housing, engagement, and strategic development. Sunrise Banks partners with SMGA to advance overall economic development efforts, provide financing expertise, and support community-driven growth across the Sioux Metro region.
Total grant amount: $8,750
GROW South Dakota – The mission of GROW South Dakota, based in Sisseton, is to provide innovative advancement of housing, education, and economic opportunities throughout South Dakota. Together, Sunrise Banks and GROW leverage shared resources and expertise to strengthen local capacity, expand knowledge, and enhance financial resiliency across communities.
This expanded Member Impact Fund grant will allow GROW South Dakota to advance two key initiatives critical to rural housing development. First, funds will help support housing feasibility studies in small and rural communities, helping local leaders assess housing needs, identify viable development opportunities, and lay the groundwork for future affordable housing projects. Second, the grant will strengthen the NeighborWorks Dakota Coalition’s capacity, enabling enhanced coordination, technical assistance, and support for housing practitioners working across the state.
Together, these efforts will help remove early‑stage barriers to housing development, improve regional collaboration, and expand long‑term housing opportunities in South Dakota communities.
Total grant amount: $43,750
Dakota Resources – Dakota Resources is based in Renner. Its mission is to connect capital and capacity to empower rural communities. Sunrise Banks partners with Dakota Resources as an investor in its Community Impact Fund and through shared community‑impact initiatives that strengthen rural leadership and local development efforts across South Dakota.
This expanded Member Impact Fund grant will support Thriverr, Dakota Resources’ leadership and capacity‑building platform designed specifically for rural community and economic development leaders. Thriverr connects local leaders to peer networks, coaching, learning opportunities, and practical resources that help communities move ideas into action. By strengthening the confidence, skills, and collaboration of rural leaders, Thriverr supports locally driven housing, economic development, and community revitalization efforts throughout the state.
Total grant amount: $26,250
Caminando Juntos – Started by the Presentation Congregation more than 20 years ago, Caminando Juntos creates a welcoming presence, responding to the needs of newly arriving Latino immigrants so they may thrive and flourish in a new place. Many families arrive in Sioux Falls with very little, and food insecurity is a major challenge. In 2025, 175 families received food support through their efforts. Sunrise Banks has a direct relationship through staff engagement, helping maintain connection and awareness of emerging community needs.
Total grant amount: $8,750
“The impact made possible through the FHLB Member Impact Fund is incredible,” says Damon Sehr, South Dakota Market President for Sunrise Banks. “As a Community Development Financial Institution (CDFI), we understand the importance of forging strong partnerships and having access to funding that aligns with an organization’s mission and values. We’re proud that Sunrise Banks supports organizations, including several fellow CDFIs, doing deeply meaningful work in our communities. And we’re grateful to FHLB Des Moines for making this possible.”
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