FHLB Dallas FORTIFIED Fund Rental Program

FORTIFIED Fund Rental Webinar

Learn about this year's funding, eligibility requirements and how to apply for the FHLB Dallas FORTIFIED Fund Rental Program.

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$8.7M Awarded for Storm-Resistant Rental Roofing

FHLB Dallas awarded $8.7 million in grants to public housing authorities for the installation of storm-resistant roofs on affordable rental properties.

Arkansas: $3,518,037.24 for 643 units
Louisiana: $2,143.042 for 706 units
Mississippi: $1,000,000 for 152 units
Texas: $2,000,000 for 683 units

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FORTIFIED Rental funds are awarded once a year. FHLB Dallas member institutions partner with an Intermediary during the application process. Each has a role in the process:

Application Process 

1. One award will be made per state in the FHLB Dallas District, assuming applications are received from all five states. Applications will be divided up per state and reviewed in the order received until an approval has been made for each state.
2. After the state approvals have been made, the lesser of $3 million or three applications will be allocated for Public Housing Authority (PHA) applications specifically. PHA applications will be reviewed in the order received until the $3 million or three application limit has been reached.
   1. If the first submission(s) from a state comes from a PHA, it will count toward the PHA allocation. The Bank may exceed $3 million or three applications for PHAs if they are the first to submit in more than three states and/or the first overall submissions.
3. After the state approvals and PHA approvals have been made, all remaining applications will be reviewed in the order received until funds are exhausted.

The member, Intermediary and FHLB Dallas enter into a tri-party agreement governing the terms of the award

Once an approved project receives a commitment, they can begin going through the FORTIFIED certification process through Insurance Institute for Business and Home Safety (IBHS). This entails submitting the project details to IBHS for approval, connecting with a FORTIFIED evaluator and taking any other necessary steps in preparing for the roof replacement

Funds Disbursement – Funds are disbursed as a direct grant to the member institution based on the approved application and terms of the commitment. The member, in turn, provides the funds to the Intermediary.

FORTIFIED Certification – Once the roof replacement is complete, the FORTIFIED certificate issued by IBHS must be submitted to FHLB Dallas. Upon review and verification, FHLB Dallas will notify the member institution of project completion

 
Application Details
Intermediaries interested in applying can visit our Resources page for application materials and requirements.

Applications may be submitted during the annual round to fortifiedfund@fhlb.com.

To qualify, the Intermediary and their affordable rental property must meet certain requirements:

• The Intermediary must be located in Arkansas, Louisiana, Mississippi, New Mexico, or Texas.
• The Intermediary must own the property for which the roof replacement benefits. Alternatively, the property can be owned by an Intermediary-owned/controlled non-profit organization.
• The property must reserve all units for households at or below 80% of the Area Median Income until 12/31/2038 or beyond. Eligible properties may not contain market-rate units or commercial property (with the exception of on-site leasing and property management offices).
• The property may be a scattered-site property. In such cases, the Bank determines, in its sole discretion, what constitutes a subject property. Factors the Bank may consider include how the final legally enforceable retention agreement is attached to the real property, how other funders (if any) are defining a project, and how costs are allocated and accounted for. Scattered site rental properties that include single or multi-family housing units located in multiple non-contiguous sites may be grouped into a single project so long as all sites are located within the same county or parish.
• The property must be in a county declared by FEMA as a Very High or Relatively High area based on the Risk Index for Hurricanes, Hail, Tornadoes, or Strong Wind (eligible county/parish listed at the end of the application.)
• Financials must show the Intermediary has a positive cash flow.
• If the Intermediary is a Public Housing Authority (PHA), the PHAS score must be 60 or above (or be a Moving to Work Agency with Permanent High Performer Status).
  • The PHA must also have plans for the roof replacement in their most recent 5-year plan as submitted to HUD (or be a Moving to Work Agency with internal documentation to support the replacement plans).
• Physical Needs Assessment that states roof needs to be replaced within 18 months.
• The Intermediary must contribute at least 10% of the total project cost as noted on the development budget.
• Any additional funding sources must be confirmed at the time of application.
• Applicants must have completed and closed out prior approved FORTIFIED Rental projects before applying again.
• Compliance/status/history with other FHLB programs will be considered.

2026 Application

FHLB Dallas FORTIFIED Fund Rental Program Rental Application

2025 Approved Project Documents

FORTIFIED Rental Disbursement Request

FORTIFIED Rental Final Certification