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How FHLB Dallas’ Affordable Housing Program Grant Helps Communities Thrive


The Federal Home Loan Bank of Dallas’ (FHLB Dallas) flagship program, the Affordable Housing Program (AHP), began accepting applications for 2025 grants this month, and Home Bank was ready on day one with several applications. 

That is because we know first-hand how the AHP has benefited our communities and — while we don’t relish competition for these grants — we can’t keep quiet about an affordable housing grant program that has done so much good for so many. 

Through FHLB Dallas, Home Bank provided a $280,000 AHP grant for affordable and resilient housing in Lockport, Louisiana.
FHLB Dallas’ AHP grant has been lauded for its ability to nudge affordable housing projects over the finish line with final funding and as a beginning funding source to leverage additional grants or to attract low-income housing tax credits. 

From 1990 through 2024, FHLB Dallas’ annual AHP has provided more than $393 million to fund nearly 55,000 affordable housing units, including 40,458 low-income units.  

That’s a big impact. 

The grants are awarded through FHLB Dallas member financial institutions that apply on behalf affordable housing partners such as developers, nonprofits and governmental housing authorities. 

Between 2020 and 2024, here at Home Bank we were awarded nearly $22 million in AHP funding from FHLB Dallas on behalf of our affordable housing partners.  

Some of the projects FHLB Dallas has funded through us have garnered national accolades for their innovative, positive approaches to affordable housing. 

The historic McDonogh 19 building provides affordable housing for older adults.
In New Orleans, Louisiana, for example, a $250,000 AHP grant toward the redevelopment of the historic McDonogh 19 school helped that project come to fruition. Today, this magnificent historical building houses affordable apartments for low-income seniors, the Tate Etienne Prevost (TEP) Center, which educates the public on the state’s civil rights history, and the Leona Tate Foundation for Change, a social services organization. 

Another project that won funding, Les Maisons de Bayou Lafourche in Lockport, Louisiana, made national news for its resilient construction of rental duplexes and triplexes designed to withstand a Category 3 hurricane. The development’s construction was 90 percent complete when Hurricane Ida swept directly overhead in August 2021, testing its resilience. Blocks away, homes and apartments were dashed, while Les Maisons sustained only minimal damage. 

Don’t let this window of opportunity to apply for an Affordable Housing Program grant pass you by. Applications for the 2025 AHP grants will be accepted until May 1. Projects can be awarded up to $1.75 million each. See fhlb.com webpage for more information. View this recorded webinar to learn more. 

Kelvin Luster is a senior vice president and the Community Development director at Home Bank. 

FHLB Dallas Bloggers

  • Kelvin Luster

    • Senior Vice President
    • Community Development Director

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