Bulletin No.: 2008-17
December 1, 2008

TO: STOCKHOLDERS

SUBJECT: Special Needs Assistance Program (SNAP)

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the 2009 offering of the Bank’s Special Needs Assistance Program (SNAP), a new homeownership set-aside program under the Bank’s Affordable Housing Program (AHP).  SNAP grants can be used by member institutions to rehabilitate the primary single-family residence of homeowners with a special need.

Special needs individuals include persons who:

• are elderly
• are mentally or physically disabled
• are recovering from physical, alcohol or drug abuse
• have HIV/AIDS

For 2009, the Bank has allocated $500,000 for SNAP.  SNAP funds will be disbursed on a first-come, first-served basis during an annual offering cycle that will start January 1 of each year and continue until either all of the funds have been exhausted or December 31 of that year. 

For more information on SNAP, please visit the Community Investment section of the Bank’s web site at fhlb.com or attend one of the Bank’s Community Development Workshops in January and February 2009.

The workshops will be held at a number of locations:

Albuquerque, New Mexico                               January 8
Dallas, Texas                                                    January 13
Houston, Texas                                                January 15
Baton Rouge, Louisiana                                    January 21
Jackson, Mississippi                                         January 23
Little Rock, Arkansas                                       January 29
Las Cruces, New Mexico                                 February 4

Workshop registration forms will be mailed soon.  For more information, contact the Community Investment Department at 800.362.2944. 

Sincerely,

Greg Hettrick
Director of Community Investment

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