Disaster Rebuilding Assistance (DRA)
- About the Program
- How to Apply
- Nonmembers
- Resources
Disaster Rebuilding Assistance
When Disaster Strikes, FHLB Dallas is There
Program Overview |
FHLB Dallas’ Disaster Rebuilding Assistance (DRA) program provides grants for the repair, rehabilitation and reconstruction of owner-occupied housing affected by a disaster event in a federally declared disaster area within the FHLB Dallas District. DRA funding benefits households at or below 80 percent of their area median income. For 2024, FHLB Dallas set aside $2.5 million of its 2024 AHP allocation for the DRA program. Funding is provided during two offering periods in January and July. Each is administered on a first-come, first-served basis until the funds are exhausted. Any remaining funds at the end of the first offering carry over to the second offering, which will be available on July 8, 2024, with $1,250,00 available. The additional member cap available for the second offering is $175,000 or up to $350,000. Members may apply until November 15, 2024, or until the funds are exhausted, whichever occurs first. The total member cap for 2024 is $350,000, with a limit of $175,000 during the first offering. The maximum DRA award per household is $12,000. Note: Funds may only be accessed through a member institution. FHLB Dallas does not provide funds directly to consumers. Available Funds as of July 23, 2024: $0 |
FEMA Disaster Declarations
FHLB Dallas has activated its Disaster Relief Program (DRP) and Disaster Rebuilding Assistance (DRA) programs in response to the FEMA Disaster Declarations below. Individuals and business owners located within FEMA-declared disaster areas may apply for the funds through FHLB Dallas member financial institutions. Due to the ongoing nature of disasters, subsequent counties may be added. Additional funding for DRA will be made available in 2025. For more detailed program information about both the DRA and DRP programs, visit the resources section on this page or contact Member Services at 844.345.2265.
Hurricane Francine – September 2024
FEMA issued a Disaster Declaration on September 23, 2024, for the damage caused by Hurricane Francine in Louisiana. Hurricane Francine impacted several Louisiana parishes. Members may apply for DRP advances through March 27, 2025.
Hurricane Beryl – September 2024
FEMA issued a Disaster Declaration on September 16, 2024, for the damage caused by Hurricane Beryl in Texas. Texas counties currently eligible for individual assistance can be found here. Members may apply for DRP advances through January 16, 2025.
New Mexico Fires – July 2024
FEMA made a Disaster Declaration on July 11, 2024, for the devastation in several New Mexico counties caused by the South Fork and Salt Fires. The New Mexico counties and tribal lands currently eligible for individual assistance can be found here. Members may apply for DRP advances through December 26, 2024.
Arkansas Storms – June 2024
FEMA issued a Disaster Declaration on June 12, 2024, for the devastation in several Arkansas counties caused by severe storms, straight-line winds, tornadoes and flooding. Arkansas counties currently eligible for individual assistance can be found here. Members may apply for DRP advances through December 5, 2024.
Texas Storms – April 2024
In response to the devastation in several Texas counties that was caused by severe storms, straight-line winds, tornadoes and flooding that began on April 26, 2024, FEMA issued a Disaster Declaration for several Texas counties. DRP advances are available today through November 15, 2024.
Benefits for Your Financial Institution
Differentiate your institution by offering fast access to funding when disaster strikes.
Strengthen customer relationships and loyalty by providing funding to your customers and communities in a time of need.
Support economic and community development by helping households and businesses rebuild and recover from disaster situations.
Rebuilding Lives
Learn how FHLB Dallas helps people get back to business after a disaster.
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Stories
Tell Us Your Story
To participate in the Disaster Rebuilding Assistance (DRA) program, FHLB Dallas members must complete the DRA Member Enrollment Application. The application includes the DRA Subsidy Agreement, which explains your obligations under the program.
The DRA Member Enrollment Application and DRA Subsidy Agreement must be signed by a person listed on the current Advances Signature Card on file with FHLB Dallas.
DRA funds are provided only through FHLB Dallas members. FHLB Dallas does not provide funds directly to consumers.
Program Requirements
To qualify for DRA funding, projects must meet the following criteria:
- Households must have a family income of 80 percent or less of their area’s median income as defined by HUD.
- The property must be located within the FHLB Dallas District and in an area designated for Individual Assistance by the Federal Emergency Management Agency (FEMA) no earlier than January 1, 2019.
- Homeowner(s) must have ownership of the property at the time of request for DRA funds and must have had ownership of the property for at least 30 days prior to the related disaster.
- Homeowners must provide:
- An executed Home Repair Estimate form and a pre-rehabilitation inspection report supporting the amount of DRA funds requested.
- Verification of the completed rehabilitation work via a final invoice and a post-rehabilitation inspection report.
- Pre- and post-inspection reports prepared by an independent third-party selected by the member. Unless the intermediary is a government-controlled entity, the third-party inspector must not be related to the intermediary.
- Homeowners may not receive any cash from the DRA grant.
The developer fee to the intermediary may not exceed 10 percent of the DRA grant.
Apply to Enroll in the DRA Program
An individual from the FHLB Dallas member financial institution with current Advances Signature Card authorization must submit a one-time DRA Enrollment Application and Subsidy Agreement. Please email ahp@fhlb.com for the AdobeSign application.
After reviewing and approving your application, FHLB Dallas will notify you of your acceptance into the program.
Request DRA Funds
After completing the DRA enrollment process, members will be eligible to request DRA funds during each offering period. Submit your request(s) via email to ahp@fhlb.com.
For more detailed information about the DRA funding process, please refer to the DRA Program Funding Manual on the Resources page.
Disaster Rebuilding Assistance (DRA) funding must be submitted by an eligible FHLB Dallas member financial institution. FHLB Dallas does not funds directly to consumers. Homeowners or representatives of community-based organizations seeking DRA assistance must work with a participating FHLB Dallas member institution to apply for funds.
Please note that in addition to the approved, members have their own underwriting criteria and lending areas and may have reached their FHLB Dallas DRA program cap within a given year.
Find a Participating FHLB Dallas Member Institution
If you are a consumer or represent a community-based organization or similar entity seeking DRA assistance, use the link below to find a participating member in your area. Members are listed within the state of their charter’s origin and in alphabetical order.
Participating Members List
