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Federal Home Loan Bank of Dallas Commits Nearly $100 Million to Four Key Affordable Housing Initiatives

DALLAS , April 30 /Businesswire/ - The Federal Home Loan Bank of Dallas (FHLB Dallas) has made available $99.4 million in grants this year through its Affordable Housing Program (AHP) and AHP homeownership programs. View the $100 Million in AHP video to see the impact of the programs.

“Our nation has a critical shortage of affordable housing options,” said FHLB Dallas President and CEO Sanjay Bhasin. “We have options for homeowners and renters through our programs, which provide very low- to moderate-income residents, older residents and people with disabilities access to affordable housing.”

Of the total funding, $79.4 million was allocated to the AHP General Fund, which provides grants to assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.

In addition to the AHP General Fund availability, FHLB Dallas also made the following 2024 allocations to AHP homeownership programs:

Homeowners and nonprofits access the funds through FHLB Dallas member financial institutions.

“The HELP program sponsored by FHLB Dallas has been tremendous in helping Red River Bank create affordable housing in all of our markets,” said Senior Vice President Jannease Seastrunk, community relations & CRA officer at Red River Bank. “We’ve been able to create numerous housing opportunities for low-income families throughout the entire state of Louisiana.”

The following funding windows are available or approaching:

See the FHLB Dallas Community Programs for more information.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $125.1 billion as of March 31, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.