- December 23, 2025
- Bulletin No: 2025-39
2026 Community Investment Offerings
The Federal Home Loan Bank of Dallas (Bank) is pleased to announce its 2026 Community Investment offerings. In addition to the Affordable Housing Program, the Bank provides grant and loan programs to assist members with funding for veterans’ assistance, small business financing, support for community organizations, assistance with heirs’ property issues and funding of storm-resistant roofing. See below for 2026 information on each program.
Affordable Housing Program (AHP) General Fund
The AHP General Fund is the Bank’s competitive housing subsidy program. AHP grants support the purchase, construction or rehabilitation of owner-occupied and rental housing that serves income-qualified households.
- Up to $1.75 million per project available nationwide
- Apply from Tuesday, March 31, 2026, through Thursday, April 30, 2026, via the GrantConnect portal
The Bank will hold several AHP Workshops throughout the District beginning in February. See fhlb.com/events for dates and locations. Registration will open in January 2026. See fhlb.com/ahp and the Bank’s Affordable Housing Program 2026 Implementation Plan for more information.
Community Investment Program (CIP)
The CIP provides advances to assist members in financing owner-occupied and rental housing by providing a favorably priced, match-funding source.
- Funds are noncompetitive and available year-round
- Uses include:
- Purchase or rehabilitation of owner-occupied and rental housing for income-qualified families
- Purchase of mortgage-backed securities representing a pool of loans that could be funded directly with CIP advances
- Investment in Low-Income Housing Tax Credits
- All member institutions eligible to obtain standard advances from the Bank may apply for CIP advances
Disaster Rebuilding Assistance (DRA)
DRA is designed to support households in the Bank’s member communities that have been declared disaster areas eligible for individual assistance by the Federal Emergency Management Agency (FEMA) since January 1, 2022. See fhlb.com/dra for more information.
- $3.5 million available
- Up to $15,000 per homeowner for repairs not covered by insurance or federal or state emergency assistance
- DRA will be provided in two offerings. The first offering will be made available Monday, February 2, 2026 and the second will open Monday, August 3, 2026
- Member cap: $262,500 per offering
- Assists homeowners at or below 80 percent of the area median income
- Each offering is administered on a first-come, first-served basis until the funds are exhausted or November 15, 2026, whichever occurs first
- Any funds remaining at the end of the first offering will be added to the second offering
- New in 2026: DRA requests submitted for roof replacement must be for a FORTIFIED roof unless the structure cannot support a FORTIFIED roof
The DRP helps finance any project that assists in recovery efforts in communities within the Bank’s five-state District that have been declared disaster areas by FEMA. Individuals and business owners located within federally declared disaster areas may apply for funds through the Bank’s member financial institutions. For more information, visit fhlb.com/disaster.
Economic Development Program (EDP)
The EDP provides members with favorably priced advances to support qualified economic and commercial development projects that benefit their surrounding communities. Hospitals, nursing homes, locally owned restaurants and retail shops are just a few examples of the types of community-centric businesses that have benefited from EDP advances.
- EDP advances may be used for new construction, renovation, small business financing, public works projects and historic preservation
- Funds are noncompetitive and available year-round
- All member institutions eligible to obtain standard advances from the Bank may apply for EDP advances
The FHLB Dallas FORTIFIED Fund provides grants for a FORTIFIED roof to homeowners at or below 120 percent of the area median income. A FORTIFIED roof is designed to help mitigate damage from hurricanes, high winds, hail and severe thunderstorms.
Members may apply on behalf of multiple households in one request. The requested funds will be disbursed to members upon approval of the applications.
- $10 million available for homeowners
- Two offerings: Monday, January 26 and Wednesday, July 1, 2026
- Annual member cap: $1 million
- Annual intermediary cap: $1 million
- Up to $17,000 per homeowner
- Applications must include a minimum of five households and may include up to a maximum of 50 households
- The roof must be completed in accordance with FORTIFIED requirements certified by the Insurance Institute for Business & Home Safety (IBHS)
- Available until the funds are exhausted or December 31, 2026, whichever occurs first
- Awarded on a first-come, first-served basis
- New in 2026: Contractors must be FORTIFIED certified
- New in 2026: IBHS Wildfire Prepared designation available for properties located in New Mexico only
The Bank will support resilient and affordable rental housing through the FHLB Dallas FORTIFIED Fund Rental Program by providing grants to public housing authorities to upgrade existing roofs on affordable rental properties to FORTIFIED roofs.
- $10 million available
- Application window: Tuesday, September 1, 2026 through Wednesday, September 30, 2026
- $1 million available per project
- Projects must be located within the Bank’s five-state District
The Pathway Fund (formerly Heirs’ Property Program) provides grants to organizations with experience addressing heirs’ property issues. Heirs’ property refers to property inherited without a will or legal documentation of ownership. As property is passed down, the absence of a deed or will can become more complicated and can be a barrier to the ability to sell, collateralize, improve or otherwise transfer the property.
- $3 million available
- Member cap: $700,000
- Nonprofit, governmental entities or federally recognized tribes (collectively, “Organizations”) located within the Bank’s District may receive up to $150,000 to remediate titles
- Organizations may receive up to $25,000 to provide preventative services like property financial literacy education or preparation of wills
- Application window: Monday, August 3 through Friday, August 21, 2026
- Reviewed in the order received at the end of the application period
- New in 2026: Organizations may receive up to $175,000 if providing both remediation and prevention services
HELP provides grants for down payment and/or closing cost assistance for eligible first-time homebuyers.
- $17 million available
- Up to $25,000 per homeowner in Texas and New Mexico
- Up to $20,000 per homeowner in Arkansas, Louisiana and Mississippi and out-of-District
- Member cap of $150,000
- Funds will be made available in five rounds on January 2, April 6, May 4, June 15 and September 8, 2026
- Available until the funds are exhausted or December 31, 2026, whichever occurs first
- Submit applications via the GrantConnect portal
- Members must submit a one-time enrollment application and agreement
HAVEN is a housing program designed to provide grants to households of veterans or active service members who were disabled as a result of an injury during their active military service. The program supports necessary home modifications or offsets new construction costs. It can also be used for down payment assistance for qualified first-time homebuyers.
Grant recipients must have a household member who qualifies as disabled by the Department of Veterans Affairs, a branch of the U.S. military, the federal government or another acceptable source. Alternatively, the funds can be awarded to Gold Star Families.
- $1 million available
- HAVEN is being provided in two offerings: Thursday, January 15 and Wednesday, July 1, 2026
- Funds may be used for home modification, rehabilitation, new construction or down payment assistance for qualified first-time homebuyers
- Available until the funds are exhausted or December 31, 2026, whichever occurs first
The NAHO Fund provides grants from $50,000 to $200,000 to support housing initiatives that federally recognized Native American tribes and Tribally Designated Housing Entities—organizations working at the local level—identify as critical to meeting tribal housing needs.
- $1.5 million available
- Maximum grant size of $200,000
- Application window opens Friday, May 1, 2026 and will remain open until the funds are exhausted or Friday, May 29, 2026, whichever occurs first
The PGP provides funding for the operational needs of community-based organizations (CBOs), which are 501(c)(3) nonprofit organizations involved in affordable housing, local community development and small business technical assistance within the Bank’s District. PGP applications will be accepted from Wednesday, April 1 through Friday, April 24, 2026.
- $1.5 million available
- The Bank will match member contributions of $500-$5,000 to eligible CBOs at a 5:1 ratio
- Up to $25,000 available per application
- To qualify, the CBO’s annual revenue must be equal to or less than $1 million
- Grant recipients will be selected via a lottery system until the funds are exhausted
SBB provides recoverable assistance to finance the start up or expansion of qualified small businesses. SBB funds are intended to help participating members provide financing for qualified small businesses by filling the gap between what the member can finance, and the loan request made by an eligible small business. SBB is provided to members as a secondary, unsecured loan in conjunction with a loan made by the member to the small business. See fhlb.com/sbb for more information.
- Minimum $4 million available
- The jobs requirement is one job for every $62,500 in SBB funds
- Maximum loan amount is the lesser of $125,000 or 50 percent of the member’s loan amount
- No payments are due on the SBB loan in the first year
- Principal amortization begins in year two at which time the member may charge up to 3 percent interest on the SBB loan
- The Bank charges 3 percent interest beginning in the third year of the loan
- Examples of uses: Fill a financing gap due to lack of equity, a shortfall in collateral or initial cash flow challenges
- Available until December 4, 2026
SNAP provides grants for housing rehabilitation to meet the needs of households with a resident that has special needs. See fhlb.com/snap and the Bank’s Implementation Plan for more information.
- $1.8 million available
- $10,000 per household
- Member cap of $20,000 per offering
- Members must submit a one-time enrollment application and agreement
- SNAP-assisted properties must be located within the Bank’s District
- Submit applications via the GrantConnect portal
- Two funding windows:
- 8:00 a.m. CT, Wednesday, March 4, 2026 through 5:00 p.m. CT, Thursday, March 5, 2026
- 8:00 a.m. CT, Wednesday, July 15, 2026 through 5:00 p.m. CT, Thursday, July 16, 2026
Provides grants to support the growth of homeownership education and financial counseling programs through the State HFAs located in the Bank’s District.
- Applications are submitted by State HFAs from Monday, March 2, through Friday, March 20, 2026
- $600,000 in State HFA Education Grants are available for 2026
Detailed information on each of these programs, including applications and enrollment forms, guidelines and other information may be found at fhlb.com/community.
Please check fhlb.com periodically for program announcements. For questions regarding AHP, DRA, FHLB Dallas FORTIFIED Fund, HAVEN, HELP, NAHO Fund, Pathway Fund, PGP, SNAP or the State HFA Education Grant Program, please contact Community Investment at 800.362.2944. For questions regarding SBB, CIP, EDP or DRP, please contact Member Services at 844.345.2265.
I hope you will use our affordable housing and economic development programs in 2026.
Sincerely,
Sanjay K. Bhasin
President and Chief Executive Officer