Affordable Housing Program
- About the Program
Affordable Housing Program
Building Communities, Changing Lives
Program Overview |
Millions of Americans — renters, prospective homebuyers and homeowners — struggle to find or maintain affordable housing. The challenge is especially acute for low-income households and communities. Each year, FHLB Dallas returns millions of dollars — a percentage of our net income — to communities served by our members, in the form of Affordable Housing Program (AHP) grants. These funds strengthen communities by providing funding to members for affordable housing finance that benefits households at or below 80 percent of their area median income. Whether you are transforming a historic school building to senior housing or funding new duplexes for first-time homebuyers, AHP can help. |
Our Impact |
| Since the Affordable Housing Program’s inception in 1990, FHLB Dallas has distributed $487 million, facilitating more than 68,000 units of affordable housing for households earning at or below 80 percent of the median income within FHLB Dallas’ five-state District. |
$400.6M
AHP Grants Awarded Since 1990
$26M
Awarded to Special-Needs Households since 2009
$43M
Down Payment Assistance Since 2002
AHP funds are distributed on an annual basis through the AHP General Fund, the Homebuyer Equity Leverage Partnership (HELP), the Special Needs Assistance Program (SNAP) and Disaster Rebuilding Assistance (DRA).
- AHP General Fund provides grants to help finance the purchase, rehabilitation or construction of affordable housing, including owner-occupied and rental housing and housing for homeless individuals and families. Funds are awarded on an annual basis through a competitive application process.
- HELP provides down payment and closing cost assistance to first-time homebuyers.
- SNAP provides grants to modify or rehabilitate homes for those with special needs.
- DRA provides grants to help homeowners repair or rebuild after disasters.
Benefits for Your Financial Institution
Build your institution’s profile in the community through your support of affordable housing project and initiatives.Increase the availability of affordable housing in the communities you serve by sponsoring applications for AHP funding.
Generate new business opportunities by providing construction loans, lines of credit and permanent financing to your community housing organizations.
Satisfy your Community Reinvestment Act (CRA) requirements through your contributions to affordable housing projects and initiatives.
FHLB Dallas Awards $78.9M in Affordable Housing Program Funds
Building Communities, Changing Lives
Using the AHP, FHLB Dallas members have helped to create affordable housing for thousands of households – homeowners and renters – across FHLB Dallas’ five-state District. We invite you read some of their stories.
Featured Stories
Affordable Housing Funds Help Austin’s Most Vulnerable
Texas
The Lancaster, a new construction project in Austin, Texas, will provide permanent housing for survivors of violence and abuse. This innovative project, consisting of 60 high-quality units, will offer comprehensive, voluntary, wrap-around services to support residents in achieving safety and stability.
Senior Housing Development Receives Boost from AHP Funds
New Mexico
Felician Villa Apartments, a 132-unit development for residents age 55 and over in in Rio Rancho, New Mexico, will offer affordable meals and educational seminars for health and wellness.
AHP Funds Revitalize Fort Worth Historic District
Texas
“You shouldn’t have to move away to have a nice place to live.”
Finding a Fur-Ever Home: A Pet Parent’s Story with HELP
Arkansas
As a long-time pet parent, Thomas Treweek felt restricted in the rentals he lived in. Thankfully, this feeling is a thing of the past as he moved into his first home with the help of a $10,900 Homebuyer Equity Leverage Partnership (HELP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas).
Mississippi Woman Realizes Dream of Homeownership
Mississippi
Long-time Macon, Mississippi, resident Lacey Harmon was ready to put down roots by purchasing a home. But first she needed help with a down payment.
Learn how to use AHP funds to enhance your communities
FHLB Dallas Awards Nearly $100 Million in Affordable Housing Program Grants
See how members and community organizations are using AHP funds to enhance their communities.
Stories