Skip Navigation

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 1990, FHLB Dallas has awarded more than $400.6 million in AHP funding for nearly 65,000 units of affordable housing. These funds are also available to help first-time homebuyers with down payments, homeowners impacted by natural disasters and special-needs homeowners who need critical repairs to their homes.


AHP Grants Awarded Since 1990


Awarded to Special-Needs Households since 2009


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 $28.4M in Affordable Housing Program Funds

See the 2023 AHP General Fund Grant Recipients.

2023 AHP General Fund Grant Awards

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.

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.


Tell Us Your Story

We'd love to hear from you! Tell us about your affordable housing project.