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Supporting Local Communities

At FHLB Dallas, we take pride in helping our members' local economies. Our Economic Development Program (EDP) provides members with favorably priced advances to support qualified economic and commercial development projects that benefit their surrounding communities and neighborhoods. EDP advances may be used for new construction, renovation, small business financing, public works projects and historic preservation. 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 and have ultimately helped boost local economies.

Program Requirements

To qualify for an EDP advance, the project must create or retain jobs for employees and meet at least one of the following criteria:

  • The project is located in a rural area where the majority of household incomes are at or below 115 percent of the area median income (AMI).
  • ‚ÄčThe project is located in an urban area where the majority of household incomes are at or below 100 percent AMI.
  • At least 51 percent of the project's employees have incomes that are at or below 80 percent of the AMI.
  • At least 51 percent of the families who will benefit from the project have incomes at or below 80 percent of the AMI.
  • Project qualifies as a small business as defined by section 3(a) of the Small Business Act (15 U.S.C. 632 (a)) and implemented by the Small Business Administration under 13 CFR part 121, or any successor provisions.
  • Project qualifies as another targeted beneficiary as approved by the FHFA.

A project will also qualify for an EDP advance if it is located in one of the following targeted areas:

  • Native American area
  • Federal or approved state disaster area
  • Brownfield Tax Credit, an area eligible for a Federal Brownfield Tax Credit
  • An area impacted by a military base closing
  • Federal Enterprise Community or Empowerment Zone


EDP Advances are noncompetitive. Our members have access to EDP Advances throughout the year. EDP Advances may be fixed-rate or floating-rate, amortizing or non-amortizing. The terms range from three months to 40 years, but may not exceed the term of any financing that the member makes to the project. If FHLB Dallas determines that the EDP Advance was improperly used, it may be converted to a comparable market interest rate. EDP advances must be used to finance loans that have closed within the past three months, or will originate within the next three months from the date of the commitment.


In order to use an EDP Advance, our members are required to comply with the FHLB Dallas Member Products and Credit Policy.

Fax your completed EDP Advance Application and supporting documentation to 214.441.8514, or email Member Services at