• January 15, 2025
• Bulletin No: 2025-03

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce its 2025 Community Investment offerings. In addition to the Affordable Housing Program, the Bank provides grant and loan programs to assist members with funding for veterans’ assistance, small business financing, support for community organizations, assistance with heirs’ property issues and funding of storm-resistant roofing. See below for 2025 information on each program.

The Bank currently expects to offer an additional community investment program in 2025, the details of which have not yet been finalized. After the details have been finalized, this program will be announced in a separate bulletin. 

Affordable Housing Program (AHP) General Fund 
The AHP General Fund is the Bank’s competitive housing subsidy program. AHP grants support the purchase, construction or rehabilitation of owner-occupied and rental housing that serves income-qualified households. 
    •  Up to $1.75 million per project available nationwide 
    •  Climate resilient projects and in-District projects are eligible for higher scoring
    •  New in 2025: Projects on Native American tribal lands or Native American-owned properties are eligible
       for higher scoring
    •  Apply from Thursday, April 2, 2025 through Thursday, May 1, 2025 via the GrantConnect portal

The Bank will hold several AHP Workshops throughout the District beginning in February. See fhlb.com/events for dates and locations. Registration has opened. See fhlb.com/ahp and the Bank’s Affordable Housing Program 2025 Implementation Plan for more information. 

Community Investment Program (CIP) 
The CIP provides advances to assist members in financing owner-occupied and rental housing by providing a favorably priced, match-funding source. 
    •  Funds are noncompetitive and available year-round
    •  Uses include: 
       o  Purchase or rehabilitation of owner-occupied and rental housing for income-qualified families 
       o  Purchase of mortgage-backed securities representing a pool of loans that could be funded directly with
           CIP advances 
       o  Investment in Low-Income Housing Tax Credits 
     •  All member institutions eligible to obtain standard advances from the Bank may apply for CIP advances 

Disaster Rebuilding Assistance (DRA) 
DRA is designed to support households in the Bank’s member communities that have been declared disaster areas eligible for individual assistance by the Federal Emergency Management Agency (FEMA). See fhlb.com/dra for more information.
    •  $4 million available (up from $2.5 million in 2024)
    •  Up to $15,000 per homeowner for repairs not covered by insurance or federal or state
       emergency assistance
    •  DRA is being provided in two offerings. The first opened on Thursday, January 2, 2025 and the second will
       open on Tuesday, September 2, 2025
    •  Annual member cap of $600,000 with an initial limit of $300,000 during the first offering
    •  Assists homeowners at or below 80 percent of the area median income 
    •  Each offering is administered on a first-come, first-served basis until the funds are exhausted or
       November 14, 2025, whichever occurs first
    •  Any funds remaining at the end of the first offering will be added to the second offering
    •  New in 2025: DRA requests to be submitted via the GrantConnect portal

Disaster Relief Program (DRP) 
The DRP helps finance any project that assists in recovery efforts in communities within the Bank’s five-state District that have been declared disaster areas by FEMA. Individuals and business owners located within federally declared disaster areas may apply for funds through the Bank’s member financial institutions. For more information, visit fhlb.com/disaster.   

Economic Development Program (EDP) 
The EDP provides members with favorably priced advances to support qualified economic and commercial development projects that benefit their surrounding communities. Hospitals, nursing homes, locally owned restaurants and retail shops are just a few examples of the types of community-centric businesses that have benefited from EDP advances.
    •  EDP advances may be used for new construction, renovation, small business financing, public works
       projects and historic preservation 
    •  Funds are noncompetitive and available year-round 
    •  All member institutions eligible to obtain standard advances from the Bank may apply for EDP advances 

FHLB Dallas FORTIFIED Fund
The FHLB Dallas FORTIFIED Fund provides grants for homeowners that qualify at or below 120 percent of the area median income to install a FORTIFIED roof that is designed to help mitigate damage from hurricanes, high winds, hail and severe thunderstorms. In 2025, the program will be expanded to include roofs on rental properties. 

New in 2025: Members may apply on behalf of multiple households in one request. The requested funds will be disbursed to members upon approval of the applications.
    •  $10 million available for homeowners (up from $4 million in 2024) 
    •  $10 million available for rental roof rehabilitation (New 2025 offering) 
    •  The grant funds for homeowners and rental roof rehabilitation are expected to be available beginning in
       March 2025 and Summer 2025, respectively
    •  Up to $15,000 per homeowner to replace a roof
    •  Up to $7,500 on a new construction home for a FORTIFIED roof
    •  Intermediary organizations that apply on behalf of homeowners may receive up to $500,000
    •  The roof must be completed in accordance with FORTIFIED requirements certified by the
       Insurance Institute for Business & Home Safety 
    •  Available until the funds are exhausted or December 31, 2025, whichever occurs first
    •  Awarded on a first-come, first-served basis

Heirs’ Property Program 
The Heirs’ Property Program provides grants to organizations with experience addressing heirs’ property issues. Heirs’ property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can become more complicated as time passes and is a barrier to the ability to sell, collateralize, improve or otherwise transfer the property. 
    •  $3 million available (up from $2 million in 2024)
    •  Nonprofit, governmental entities or federally recognized tribes (collectively, “Organizations”) located within
       the Bank’s District may receive up to $150,000 to remediate tangled titles
    •  Organizations may receive up to $25,000 to provide preventative services like property financial literacy
       education or preparation of wills
    •  Application window: Tuesday, September 2 through Thursday, September 25, 2025
    •  Reviewed in the order received at the end of the application period

Homebuyer Equity Leverage Partnership (HELP) 
HELP provides grants for down payment and/or closing cost assistance for eligible first-time homebuyers. 
    •  $17 million available (up from $15.5 million in 2024)
    •  Up to $25,000 per homeowner in Texas and New Mexico (up from $20,000 in 2024)
    •  Up to $20,000 per homeowner in Arkansas, Louisiana and Mississippi and out-of-District
    •  Member cap of $850,000
    •  Funds will be made available in three rounds on January 2 (one-half of funds); May 1 (one-fourth of funds)
       and August 1, 2025 (one-fourth of funds) 
    •  Available until the funds are exhausted or December 31, 2025, whichever occurs first
    •  Submit applications via the GrantConnect portal 
    •  Members must submit a one-time enrollment application and agreement

Housing Assistance for Veterans (HAVEN) 
HAVEN is a housing program designed to provide grants to households of veterans or active service members who were disabled as a result of an injury during their active military service. The program supports necessary home modifications or offsets new construction costs. It can also be used for down payment assistance for qualified first-time homebuyers.

Grant recipients must have a household member who qualifies as disabled by the Department of Veterans Affairs, a branch of the U.S. military, the federal government or another acceptable source. Alternatively, the funds can be awarded to Gold Star Families.
    •  $1 million available (up from $300,000 in 2024) available on February 3, 2025
    •  Funds may be used for home modification, rehabilitation, new construction or down payment assistance for
       qualified first-time homebuyers
    •  Available until the funds are exhausted or December 31, 2025, whichever occurs first
    •  New in 2025: Funds are only available for properties in the Bank’s District
    •  New in 2025: Funds are available for all qualified applicants regardless of service date

Native American Housing Opportunities (NAHO) Fund
NAHO provides grants from $50,000 to $250,000 to support housing initiatives that federally recognized Native American tribes and Tribally Designated Housing Entities — organizations working at the local level — identify as critical to meeting tribal housing needs.
    •  $2.5 million available (up from $1 million in 2024)
    •  Maximum grant size of $250,000
    •  Application window opens in June 2025 and will remain open until the funds are exhausted or
       August 29, 2025, whichever occurs first

Partnership Grant Program (PGP) 
The PGP provides funding for the operational needs of community-based organizations (CBOs), which are 501(c)(3) nonprofit organizations involved in affordable housing, local community development and small business technical assistance within the Bank’s District. PGP applications will be accepted from Monday, May 5 through Thursday, May 22, 2025. 
    •  $1 million available 
    •  The Bank will match member contributions of $500-$5,000 to eligible CBOs at a 5:1 ratio 
    •  Up to $25,000 per application available 
    •  To qualify, the CBO’s annual revenue must be equal to or less than $1 million 
    •  Grant recipients will be selected via a lottery system until the funds are exhausted

Small Business Boost (SBB) 
SBB provides recoverable assistance to finance the start up or expansion of qualified small businesses. SBB funds are intended to help participating members provide financing for qualified small businesses by filling the gap between what the member can finance, and the loan request made by an eligible small business. SBB is provided to members as a secondary, unsecured loan in conjunction with a loan made by the member to the small business. See fhlb.com/sbb for more information.
    •  Minimum $4.75 million available (Up from $4.27 million in 2024)
    •  The jobs requirement is one job for every $62,500 in SBB funds
    •  Maximum loan amount is the lesser of $125,000 or 50 percent of the member’s loan amount
    •  No payments are due on the SBB loan in the first year
    •  Principal amortization begins in year two at which time the member may charge up to 3 percent interest
       on the SBB loan
    •  The Bank charges 3 percent interest beginning in the third year of the loan 
    •  Examples of uses: Fill a financing gap due to lack of equity, a shortfall in collateral or initial cash
       flow challenges
    •  Available until December 5, 2025

Small Business Recovery Grant (SBRG) 
SBRG is designed to provide relief to small businesses that incurred damage or were destroyed due to flooding and wildfires that occurred in New Mexico in 2024.
    •  $1 million available 
    •  Up to $20,000 per business owner for building rehabilitation or repair, machinery and equipment purchase
       or repair, or inventory replacement
    •  No member limit

Special Needs Assistance Program (SNAP)
SNAP provides grants for housing rehabilitation to meet the needs of households containing a resident with special needs. See fhlb.com/snap and the Bank’s Implementation Plan for more information. 
    •  $2 million available
    •  $12,000 per household 
    •  Member cap of $25,000 per offering 
    •  Members must submit a one-time enrollment application and agreement
    •  SNAP-assisted properties must be located within the Bank’s District
    •  Submit applications via the GrantConnect portal 
    •  Two funding windows: 
       o  8:00 a.m. CT, Tuesday, February 11, 2025 through 5:00 p.m. CT, Thursday, February 13, 2025
       o  8:00 a.m. CT, Tuesday, June 3, 2025 through 5:00 p.m. CT, Thursday, June 5, 2025

How to Apply 
Detailed information on each of these programs, including applications and enrollment forms, guidelines and other information may be found at fhlb.com/community-programs. 

Please check fhlb.com periodically for program announcements. For questions regarding AHP, DRA, FHLB Dallas FORTIFIED Fund, HAVEN, HELP, Heirs’ Property Program, NAHO, PGP or SNAP, please contact Community Investment at 800.362.2944. For questions regarding SBB, CIP, EDP or DRP, please contact Member Services at 844.FHL.BANK (844.345.2265). 

I hope you will use our affordable housing and economic development programs in 2025. 
 
Sincerely,

Sanjay K. Bhasin
President and Chief Executive Officer