• November 19, 2024
• Bulletin No: 2024-38

The Federal Home Loan Bank of Dallas (Bank) has provided a $250,000 charitable donation to Community Foundation of Southern New Mexico to assist with recovery efforts from flooding in Roswell, New Mexico and the surrounding region.

Community Foundation of Southern New Mexico, based in Las Cruces, New Mexico, will provide financial resources to support the immediate and long-term recovery needs of the residents and businesses that were affected by the devastation in Roswell and surrounding areas in Chaves County.

More than 400 homes and 200 businesses were damaged by flooding from severe storms that swept through the area on October 19 and October 20, 2024.

Community Foundation of Southern New Mexico is working closely with the Office of Emergency Management, Chaves County Health Council and nonprofits in Chaves County to support all of those affected.

In addition, member institution Pioneer Bank has set up a donation account to collect funds to help the victims. Funds in the account will be donated directly to the Community Foundation of Southern New Mexico.

In 2025, $4 million is expected to be made available for the Bank’s Disaster Rebuilding Assistance (DRA) program, which provides grant funds to low- to moderate-income homeowners to repair their homes after an eligible natural disaster. Households with income of less than 80 percent of the area’s median income may qualify for grants up to $15,000 for home repairs.

Please check the FHLB Dallas website, fhlb.com, for updates.
 

Sincerely,
 

Sanjay K. Bhasin
President and Chief Executive Officer