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Disaster Rebuilding Assistance (DRA)

  • About the Program
  • How to Apply
  • Nonmembers
  • Resources

Disaster Rebuilding Assistance

When Disaster Strikes, FHLB Dallas is There

Program Overview

FHLB Dallas’ Disaster Rebuilding Assistance (DRA) program provides grants for the repair, rehabilitation and reconstruction of owner-occupied housing affected by a disaster event in a federally declared disaster area within the FHLB Dallas District. DRA funding benefits households at or below 80 percent of their area median income.

For 2024, FHLB Dallas set aside $2.5 million of its 2024 AHP allocation for the DRA program. Funding is provided during two offering periods in January and July. Each is administered on a first-come, first-served basis until the funds are exhausted. Any remaining funds at the end of the first offering carry over to the second offering, which will be available on July 8, 2024, with $1,250,00 available. The additional member cap available for the second offering is $175,000 or up to $350,000.

Members may apply until November 15, 2024, or until the funds are exhausted, whichever occurs first. The total member cap for 2024 is $350,000, with a limit of $175,000 during the first offering. The maximum DRA award per household is $12,000.

Note: Funds may only be accessed through a member institution. FHLB Dallas does not provide funds directly to consumers.

Available Funds as of April 19, 2024: $0

FEMA Disaster Declaration: Texas and Arkansas Severe Storms

FHLB Dallas has activated its Disaster Rebuilding Assistance (DRA) fund in response to the devastation caused by severe storms, straight-line winds, tornadoes and flooding in Texas and Arkansas. The storms in Texas began April 26, 2024, and damaged several counties. The storms in Arkansas occurred between May 24 and May 27, 2024, and affected these counties.

As of July 8, 2024, $1.25 million is available for our members in DRA funding. Members may apply until the funds are exhausted or November 15, 2024, whichever occurs first. For more detailed program information, visit the resources section on this page or contact Member Services at 844.345.2265.


Benefits for Your Financial Institution

Differentiate your institution by offering fast access to funding when disaster strikes.

Strengthen customer relationships and loyalty by providing funding to your customers and communities in a time of need.

Support economic and community development by helping households and businesses rebuild and recover from disaster situations.



Rebuilding Lives

Learn how FHLB Dallas helps people get back to business after a disaster.

A New Roof Over His Head

Dana Dronet’s roof was damaged from Hurricane Ida in 2021 and he worried every time it rained. Then, he and his caretaker learned about a program that could help.

Rebuilding New Orleans Together

When Hurricane Ida struck New Orleans as a Category 4 hurricane, it made news as the second most intense hurricane to make landfall in Louisiana, trailing only Hurricane Katrina. The levees held, but extensive damage was done throughout New Orleans and most of Louisiana.

Stories

Tell Us Your Story

We'd love to hear from you! Tell us if you've been a recipient of funds from an FHLB Dallas program.

To participate in the Disaster Rebuilding Assistance (DRA) program, FHLB Dallas members must complete the DRA Member Enrollment Application. The application includes the DRA Subsidy Agreement, which explains your obligations under the program.

The DRA Member Enrollment Application and DRA Subsidy Agreement must be signed by a person listed on the current Advances Signature Card on file with FHLB Dallas.

DRA funds are provided only through FHLB Dallas members. FHLB Dallas does not provide funds directly to consumers.
 

Program Requirements

To qualify for DRA funding, projects must meet the following criteria:

  • Households must have a family income of 80 percent or less of their area’s median income as defined by HUD.
  • The property must be located within the FHLB Dallas District and in an area designated for Individual Assistance by the Federal Emergency Management Agency (FEMA) no earlier than January 1, 2019.
  • Homeowner(s) must have ownership of the property at the time of request for DRA funds and must have had ownership of the property for at least 30 days prior to the related disaster.
  • Homeowners must provide:
    • An executed Home Repair Estimate form and a pre-rehabilitation inspection report supporting the amount of DRA funds requested.
    • Verification of the completed rehabilitation work via a final invoice and a post-rehabilitation inspection report.
    • Pre- and post-inspection reports prepared 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.
  • Homeowners may not receive any cash from the DRA grant.

The developer fee to the intermediary may not exceed 10 percent of the DRA grant.

Apply to Enroll in the DRA Program

An individual from the FHLB Dallas member financial institution with current Advances Signature Card authorization must submit a one-time DRA Enrollment Application and Subsidy Agreement. Please email ahp@fhlb.com for the AdobeSign application.

After reviewing and approving your application, FHLB Dallas will notify you of your acceptance into the program.

Request DRA Funds

After completing the DRA enrollment process, members will be eligible to request DRA funds during each offering period. Submit your request(s) via email to ahp@fhlb.com.

For more detailed information about the DRA funding process, please refer to the DRA Program Funding Manual on the Resources page.

Disaster Rebuilding Assistance (DRA) funding must be submitted by an eligible FHLB Dallas member financial institution. FHLB Dallas does not funds directly to consumers. Homeowners or representatives of community-based organizations seeking DRA assistance must work with a participating FHLB Dallas member institution to apply for funds.

Please note that in addition to the approved, members have their own underwriting criteria and lending areas and may have reached their FHLB Dallas DRA program cap within a given year.

Find a Participating FHLB Dallas Member Institution

If you are a consumer or represent a community-based organization or similar entity seeking DRA assistance, use the link below to find a participating member in your area. Members are listed within the state of their charter’s origin and in alphabetical order.

View Our List of Participating Members

Our list of participating members is organized by state with member names listed in alphabetical order under the state of their original charter.