Latest news with #FederalHomeLoanBankofDallas
Business Wire
4 hours ago
- Business
- Business Wire
FHLB Dallas and Members Award More Than $1.2M to 42 Community Organizations
DALLAS--(BUSINESS WIRE)--More than $1.2 million in funding was awarded to 42 community-based organizations by the Federal Home Loan Bank of Dallas (FHLB Dallas) and 34 member institutions. FHLB Dallas members provided $208,500 in funding, and FHLB Dallas contributed $1 million in match-funding through its annual Partnership Grant Program (PGP). 'With its 5:1 matching funds, our Partnership Grant Program offers a boost in funding for nonprofits around our District, especially those that operate with minimal resources,' said Greg Hettrick, senior vice president and director of Community Investment Share Under the program, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide a match of up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members. The grants are provided through member institutions and are not directly available to the public. View the 2025 award recipients. 'With its 5:1 matching funds, our Partnership Grant Program offers a boost in funding for nonprofits around our District, especially those that operate with minimal resources,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'It's an effective way to help small to midsized organizations that often make an outsized impact on the communities they serve.' The PGP may be used for: Organizational capacity building Assistance with applying for grants and other funding sources Research and studies Contractual services Social services For more information about the 2025 PGP grants and other FHLB Dallas community investment products and programs, please visit About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit
Business Wire
a day ago
- Business
- Business Wire
Federal Home Loan Bank of Dallas Launches $10 Million Fund to Support Public Housing Authority Rental Properties with Storm-Resistant Roofs
DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce a $10 million fund dedicated to supporting public housing authority (PHA) rental properties with storm-resistant roofs. This new initiative aims to bolster the resilience and safety of housing frequently impacted by severe weather conditions. The new FHLB Dallas FORTIFIED Fund Rental program builds on the success of the original FHLB Dallas FORTIFIED Fund, which has provided storm-resistant roof upgrades to income-qualified homeowners across FHLB Dallas' District. FORTIFIED is a roofing system that meets the standards set by the Insurance Institute for Business & Home Safety (IBHS). These standards are designed to strengthen roofs beyond standard building codes to better withstand severe weather, including high winds, hail and heavy rain. 'With the addition of the rental component, we're furthering our commitment to protect communities across our District by investing in storm-resistant roofing,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'By enhancing the resilience of multifamily housing against increasingly severe weather events, this program will help preserve affordable housing stock.' The program is only open to FHLB Dallas member institutions, which may apply for funds on behalf of PHAs from Monday, July 21, 2025, through Friday, September 5, 2025, on a first-come, first-served basis. Grants up to $1 million per project will be awarded this fall. For more information on the FHLB Dallas FORTIFIED Fund Rental program, visit About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit
Business Wire
27-06-2025
- Business
- Business Wire
A $25K Down Payment Assistance Grant from FHLB Dallas and First National Bank Texas Helps Dental Assistant Achieve Homeownership
EL PASO, Texas--(BUSINESS WIRE)--A dental assistant is now a proud first-time homeowner, thanks in part to a $25,000 grant that helped cover her down payment and closing costs. Guadalupe Hernandez received the Homebuyer Equity Leverage Partnership (HELP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through its member First National Bank Texas (FNBT). 'Buying a house was my first goal when I made the move to El Paso,' said Ms. Hernandez, who moved from Presidio to put down roots in El Paso, Texas. 'The HELP grant made it possible to buy a good home in a market where everything was either too expensive or too old to be a good long-term investment.' She credits her bank, FNBT, with making a key difference in the homebuying process. 'They were always a step ahead in the process and understood the specifics of my case, helping me qualify for a larger loan,' said Ms. Hernandez. FNBT, an FHLB Dallas member institution, provided Ms. Hernandez with her mortgage and facilitated the HELP grant toward her down payment and closing costs. HELP assists income-qualified, first-time homebuyers with down payment assistance and closing costs. Up to $25,000 per homebuyer is available in Texas and New Mexico and up to $20,000 per homebuyer is available in Arkansas, Louisiana and Mississippi. FHLB Dallas allocated $17 million for HELP this year, up from $15.5 million in 2024. The final round of funding for 2025, $4.25 million, opens on August 1. 'We're proud to play a part in supporting individuals like Ms. Hernandez on their homeownership journey,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'Through this down payment assistance grant, we hope to ease the financial burden and make homeownership more affordable for individuals and families across our communities.' About First National Bank Texas First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT, remain dedicated to providing customers with quality financial products and services. FNBT was originally founded in 1901 in the Central Texas town of Killeen, only 19 years after the city was established. From humble beginnings, FNBT has grown to over $4 billion in assets and operates in over 340 locations in Texas, Arizona, Arkansas and New Mexico. About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit
Business Wire
18-06-2025
- Business
- Business Wire
Federal Home Loan Bank of Dallas and First National Bank Texas Provide $25K Grant to Help El Paso Woman Achieve American Dream
EL PASO, Texas--(BUSINESS WIRE)--In a meaningful step toward advancing homeownership opportunities, the Federal Home Loan Bank of Dallas (FHLB Dallas) and First National Bank Texas (FNBT) awarded a $25,000 grant to a first-time homebuyer in El Paso, Texas. Alicia Zapata, a single mother of two, used the Homebuyer Equity Leverage Partnership (HELP) grant to make a down payment on her family's first home. 'I was renting a house I could never afford to buy, and it felt like homeownership was always out of reach. As a single mom with two growing kids, I longed for a place that was truly ours,' said Ms. Zapata. 'Thanks to the HELP grant, I finally have that. It feels incredible to give my children a home we can grow into and call our own.' Her homebuying experience was made significantly easier by the support she received from FNBT. 'My loan officer at FNBT made the homebuying process feel easy. They were always a step ahead, guiding me through every detail,' said Ms. Zapata. FNBT, an FHLB Dallas member institution, provided Ms. Zapata with her mortgage and facilitated the HELP grant toward her down payment and closing costs. HELP grants are awarded through FHLB Dallas member institutions. 'At FNBT, we take pride in tailoring solutions to each client's unique needs and responding quickly to support them every step of the way,' said FNBT VP and CRA Community Development Innovation Specialist Jeremy Munden. 'Whether it's a mortgage product we offer or connecting clients to external resources like the HELP grant, we're committed to opening doors to opportunities that can change lives.' HELP assists income-qualified, first-time homebuyers with down payment assistance and closing costs. Up to $25,000 per homebuyer is available in Texas and New Mexico and up to $20,000 per homebuyer is available in Arkansas, Louisiana and Mississippi. FHLB Dallas allocated $17 million for HELP this year, up from $15.5 million in 2024. The final round of funding for 2025, $4.25 million, opens on August 1. 'The housing challenges of today require solutions that are collaborative. Through our grant funding made available via members like FNBT, we're proud to support housing affordability,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'Their on-the-ground expertise ensures that the resources reach those who most need it, creating a lasting impact.' About First National Bank Texas First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT, remain dedicated to providing customers with quality financial products and services. Our bank was originally founded in 1901 in the Central Texas town of Killeen, only 19 years after the city was established. From our humble beginnings, we have grown to over $4 billion in assets and operate in over 340 locations in Texas, Arizona, Arkansas and New Mexico. About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit
Yahoo
16-06-2025
- Business
- Yahoo
Federal Home Loan Bank of Dallas to Provide $5 Million in Additional Homebuyer Down Payment Assistance Funding
DALLAS, June 16, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) has added an additional $5 million in funding to its homebuyer down payment and closing cost assistance grant program due to high demand and rising home costs. FHLB Dallas initially allocated $17 million for 2025 to its Homebuyer Equity Leverage Partnership (HELP), an increase from $15.5 million last year, but three-fourths of the grant funds have already been depleted. HELP grants are available in FHLB Dallas' five state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides the funding through its financial institution members and does not provide funds directly to consumers. Homebuyers are encouraged to reach out to a local financial institution in their area that is enrolled in the program to learn more about eligibility requirements and the application process. Find a participating member in your area. Homebuyers in Arkansas, Louisiana and Mississippi may receive grants of up to $20,000 while homebuyers in New Mexico and Texas may qualify for up to $25,000. FHLB Dallas members may begin accessing funds on the following dates: $2.5 million on July 1, 2025 $4.25 million on August 1, 2025 (The remainder of the original 2025 allocation) $2.5 million on October 1, 2025 "We are making these additional funds available due to the high demand for HELP grants that we've had from our members," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "Down payment and closing costs are often among the biggest obstacles to buying a home. We value the work our members are doing in helping transition renters into homeowners in their communities." About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
