The Federal Home Loan Bank of Dallas (FHLB Dallas) announced that it has awarded $73.5 million in Affordable Housing Program (AHP) grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas.
“Through the strength of our member institutions, we’re able to channel these funds into projects that directly address the housing needs of our communities,” said FHLB Dallas President and CEO Sanjay Bhasin. “Our Affordable Housing Program is one of the most powerful tools we have to respond, and we’re proud to support projects that will bring affordable, quality housing within reach for thousands.”
FHLB Dallas annually returns at least 10 percent of its profits in the form of AHP grants to the communities served by its member institutions. View a video about the awards.
This year’s grants were awarded through 26 FHLB Dallas member institutions. Grants up to $1.75 million per organization were provided. They can be used for the construction or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
State-by-state breakdown:
- Arkansas: $6,675,000 for 267 units
- Colorado: $1,500,000 for 60 units
- Louisiana: $10,944,990 for 412 units
- Mississippi: $3,350,000 for 140 units
- New Mexico: $5,425,000 for 227 units
- Texas: $45,640,710 for 2,671 units
Visit our Community Programs page for more information on our community investment offerings. A complete list of members and organizations that received AHP funding is available at fhlb.com.
Source: Press release
