Disaster Rebuilding Assistance
Available Funds as of April 15, 2024: $131,088.64
Current Member Cap During the First Offering: $175,000
A Second Offering of $1,250,000 will be available on July 8, 2024
Additional Member Cap Available for the Second Offering: $175,000 or, up to $350,000
FHLB Dallas has set aside $2.5 million of its 2024 AHP funds for the Disaster Rebuilding Assistance fund (DRA). Through member institutions, this program provides funds for the repair, rehabilitation and reconstruction of owner-occupied housing affected by a disaster event in federally declared disaster areas within FHLB Dallas' District.
New in 2024, DRA will be provided in two offerings with funding available in January and July. Each offering will be administered on a first-come, first-served basis until the offering funds are exhausted. Any remaining funds available at the end of the first offering will carry over to the second offering, if applicable. The total member cap for 2024 will be $350,000, with an initial limit of $175,000 during the first offering.
To qualify for this additional funding, the county or parish, in which the homeowner resides, must have been designated for Individual Assistance by the Federal Emergency Management Agency no earlier than January 1, 2019.
DRA funds are available until the funds are exhausted or until November 15, 2024, whichever occurs first.
The maximum DRA award per household is $12,000. Please note that several changes have been made to the Funding Manual. Please use the 2024 version when submitting requests.
Disaster Rebuilding Assistance Product Sheet
Participating DRA Members
Participating members are located within the state of charter origin and are listed in alphabetical order. Please note that members have their own underwriting criteria, lending area or may have reached their FHLB Dallas program cap within a given year.
