Bulletin No.: 2012-12
September 13, 2012
SUBJECT: Louisiana Parishes and Mississippi Counties Declared Major Disaster Areas
In response to damage caused by Hurricane Isaac in parts of Louisiana and
Mississippi, the Federal Home Loan Bank of Dallas (Bank) has made available its
Disaster Relief Program (DRP) to assist recovery efforts in those states.
Funding under the DRP will be available during the period from September 13,
2012 through March 13, 2013. Individuals and business owners located within
federally declared disaster areas, as determined by the Federal Emergency
Management Agency (FEMA), may apply for the funds through the Bank’s member
As of August 29, 2012, FEMA had designated the following Louisiana parishes
as disaster areas: Ascension, Jefferson, Lafourche, Livingston, Orleans,
Plaquemines, Saint Bernard, Saint John the Baptist, and Saint Tammany. As of
that same date, FEMA had designated the following Mississippi counties as
disaster areas: Hancock, Harrison, Jackson, and Pearl River.
In addition, individuals and business owners located within any parishes or
counties that are subsequently declared as major disaster areas by FEMA will be
eligible to apply for DRP funds.
The DRP makes subsidized advances available to members to assist individuals
and families whose homes or businesses were damaged or destroyed by the
hurricane. The funds are available to members and their customers who are
located within a federally declared disaster area.
Under the DRP:
- Funds are priced below the Bank’s regular Community Investment Program
- Income eligibility limits are expanded to 165 percent of the area median
- Advances terms range from 3 months to 30 years.
For more detailed program information, including application forms and
subsequently designated counties, visit the Bank’s website at fhlb.com
or contact your member sales officer at 800.442.9841.
Vice President and Director of Member Sales