Households must have a family income of 80 percent or less of the median income for the area.
The property must be located in an area in FHLB Dallas' District designated for Individual Assistance by the Federal Emergency Management Agency (FEMA) no earlier than March 12, 2017.
Disaster Rebuilding Assistance funds may be used for repair, reconstruction or replacement work on all damaged components for habitability or code compliance. Reimbursement for repair, reconstruction or replacement work is limited to assistance not already paid for by insurance, federal or state emergency assistance or any funding sources.
Disaster Rebuilding Assistance funds may not be used in conjunction with any approved AHP, HELP or SNAP subsidy.
Actual invoices or signed cost estimates and a pre-rehabilitation inspection report are required evidencing the amount of Disaster Rebuilding Assistance funds requested. In addition, an acknowledgement and agreement signed by both the homeowner and member is required.
Verification of the completed rehabilitation work via a final invoice and a post-rehabilitation inspection report is required.
Pre- and post-inspections of the rehabilitation work are required and must be conducted by an independent third-party selected by the member. Unless the intermediary is a government-controlled entity, the third-party inspector must not be related to the intermediary.
The combined cost of the third-party inspection fees and developer fee may not exceed 15 percent of the total rehabilitation portion of the Disaster Rebuilding Assistance funds. If there are no inspection fees, the developer fee to the intermediary may not exceed 10 percent of the rehabilitation cost portion of the funds.
Homeowners may not receive any cash from the Disaster Rebuilding Assistance.
Detailed information and guidelines governing Disaster Rebuilding Assistance can be found in attachment C of the AHP Implementation Plan.
Disaster Rebuilding Assistance
Natural disasters, such as hurricanes or flash flooding can devastate a region with little or no notice. It is our duty as a service-oriented organization to provide financial assistance tools for our members and their communities through programs such as the Disaster Rebuilding Assistance Program to assist with the recovery process.
Vice President and Affordable Housing Program Manager