Overview Uses of Funds Program Requirement Application Overview  The DRP was designed to finance any project which assists in the recovery efforts in officially declared disaster areas in the Bank's district. The program provides aid to families and individuals whose homes or businesses were damaged or destroyed. Disaster Relief advances are available at 10 basis points below the Bank's regular Community Investment (CIP) program rates, which are already priced at the Bank's cost of funds. Income eligibility limits are expanded to 165 percent of the area median income. Return to top of page. Uses of Funds DRP advances can be used for: Residential and Rental Properties Community Facilities Personal Property Equipment and Inventory Return to top of page. Program Requirements Advance terms range from overnight up to 30 years. Six month advance commitments for Disaster Relief funds are available for a period designated by the Bank following a federal or state disaster Member institutions that are located or have branch offices in officially designated disaster area(s), as well as their customers, are eligible to borrow under this program. Individuals or businesses applying for funds are located in communities with an area median income of up to 165 percent. Community development advances (which include Disaster Relief Program, EDP, CIP, and AHP advances) may not exceed, at the time the advance is approved, the lesser of 15 percent of an institution's total assets, or $200 million. Member must agree and must limit their mark-up to 300 basis points on owner-occupied development and 400 basis points on a rental housing development and 400 basis points for economic development. Return to top of page. Application Process-all DRP applications will be considered the highest priority. Upon approval of the application, disbursement of funds is subject to the credit and collateral requirements of the Bank. A transaction verification form is required to be completed by the member institution and returned to the Bank within 30 days of funding. The DRP application may be downloaded.  The DRP application is presented in the Adobe Acrobat Portable Document Format (PDF).  If you do not have Adobe Acrobat you may download the "free" Adobe Acrobat Reader.  Complete applications and supporting documentation should be mailed to:  Member Sales Group Federal Home Loan Bank of Dallas P.O. Box 619026 Dallas, TX 75261-9026 Applications may be faxed to 214.441.8551. For more information on participating in the DRP, please contact the Member Sales Group at 800.442.9841.    Return to top of page. Return to Community Investment Main page © 2005  Federal Home Loan Bank of Dallas. All Rights Reserved.