Pilot and Voluntary Program Disclosure Policy
FHLB Dallas supports exploration of ways to fulfill our mission by using pilot programs to test and learn from new concepts as we seek to expand and improve our member services and community investment outreach.
Pilots have a limited scope that allow us to test hypotheses and make informed decisions on whether to permanently roll out a program.
FHLB Dallas will provide summary information on its public website (fhlb.com) regarding all pilot and voluntary programs approved pursuant to the framework, including:
- The name of the program
- A brief description of the program and its goals
- How the programs align with FHLB Dallas’ mission
- The scope and duration (as applicable) of the program
The summary information contained on FHLB Dallas’ website will be updated periodically.
Community Development Special Finance Program (CDSFP)
FHLB Dallas will provide a more favorable haircut to members who pledge single-family residential loans to certain income qualified borrowers.
STATUS: Live
MISSION ALIGNMENT: Promote sustainable homeownership opportunities
SCOPE/DURATION: The pilot will support FHLB Dallas members, with a reduced collateral haircut (12 percent) for qualifying mortgage loans to certain income qualified borrowers (CDSFP Income Qualified Single-Family Residential loans or “CDSFP Qualified Loans”). The maximum amount of CDSFP Qualified Loans to be pledged under the Pilot Program is $200 million (after pricing and haircuts). Begins March 1, 2024, and open for two years.
GOALS: Reward and incentivize eligible members’ lending to low- to medium-income borrowers and communities by reducing the collateral haircut for qualifying single family residential loans.
NATIVE AMERICAN HOUSING GRANT PROGRAM
Housing down payment and closing cost assistance for Native American populations in district.
STATUS: Pending
PLAN ALIGNMENT: Equitable Housing Finance
SCOPE/DURATION: TBD
NON-DEPOSITARY CDFI REVOLVING LOAN FUND
Long-term, low-cost financing for non-depository CDFI’s in district.
STATUS: Pending
PLAN ALIGNMENT: Duty to Serve
SCOPE/DURATION: TBD
Capacity Building and Growth Grant Pilot (CBGG)
Through the pilot, FHLB Dallas allocated $3.4 million in CBGG grants as well as FHLB Dallas staff expertise to CDFIs.
STATUS: Live
MISSION ALIGNMENT: Promote sustainable homeownership opportunities, small businesses and community economic development
SCOPE/DURATION: The pilot will increase CDFIs’ ability to support affordable housing, small businesses and community economic development. Through the pilot, FHLB Dallas allocated $3.4 million in monetary grants as well as nonmonetary expertise to CDFIs. The program began on March 5, 2024. Awards were announced in August 2024.
GOAL: Commit $3,400,000 in grants to nondepository CDFIs in FHLB Dallas' District. To improve the ability of nondepository CDFIs’ to support affordable housing, small business and community economic development.
*In August 2024, the CBGG allocation was increased from $3 million to $3,399,287.
