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Disaster Rebuilding Assistance Program

Available Funds as of May 18, 2018: $500,000

Current Member Maximum: $50,000

FHLB Dallas has set aside $500,000 of its 2018 AHP funds for the Disaster Rebuilding Assistance program. Through member institutions, this program provides grant funds for the repair and rehabilitation of owner-occupied housing affected by a disaster event in federally declared disaster areas within FHLB Dallas' District.

FHLB Dallas disburses program funds to members on a first-come, first-served basis, one homeowner at a time.

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 March 12, 2017.

Maximum Award

The maximum program award per household is $10,000. Reimbursement for repair or replacement work is limited to assistance not already paid for by insurance, federal or state emergency assistance or any other funding sources.

For more information about the program, contact Community Investment at 800.362.2944 or view the Disaster Rebuilding Assistance program webinar.

 

Disaster Rebuilding Assistance Program Requirements

  • 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).
  • The property must be owner-occupied and be used as the household's primary residence. The property must be titled as real estate and permanently affixed to a foundation. In addition, the homeowner(s) must have at least 30 days' current ownership and have ownership of the subject property at the time of the disaster declaration.
  • Disaster Rebuilding Assistance program funds may be used for repair or replacement work on all damaged components for habitability or code compliance. Reimbursement for repair 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 program funds may not be used in conjunction with any approved AHP, HELP or SNAP grant.
  • 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.
  • The member, or designee, will be responsible for ensuring that the Disaster Rebuilding Assistance-assisted unit is subject to a retention document. The retention document must be signed by the homeowner and must meet the requirements of Section 1291.9(a)(7) of the AHP regulations (located at 12 C.F.R. part 1291) and Attachment F of the Affordable Housing Program Implementation Plan.
  • 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 inspection fees and developer fee may not exceed 15 percent of the rehabilitation cost portion of the Disaster Rebuilding Assistance funds. If the member conducts its own pre- and post-inspections of the rehabilitation work at no cost, the developer fee to the intermediary may not exceed 10% of the rehabilitation cost portion of the funds.
  • Homeowners may not receive any cash from the Disaster Rebuilding Assistance program.
  • Detailed information and guidelines governing Disaster Rebuilding Assistance program can be found in attachment C of the AHP Implementation Plan.

 

Disaster Rebuilding Assistance Program Application

FHLB Dallas does not provide grants or loans directly to consumers.

  • Consumers, community-based organizations and similar entities seeking Disaster Rebuilding Assistance program funds should contact an FHLB Dallas member institution.
  • Members submit Disaster Rebuilding Assistance program grant requests to FHLB Dallas.

Disaster Rebuilding Assistance program grants are available to member institutions on a first-come, first-served basis until funds are exhausted or the member reaches the member cap.

Member Enrollment

FHLB Dallas members may access Disaster Rebuilding Assistance program funds once they have completed the Disaster Rebuilding Assistance program member enrollment application. This is a one-time enrollment application necessary for participation in the Disaster Rebuilding Assistance program. The Disaster Rebuilding Assistance program member enrollment application includes the Disaster Rebuilding Assistance program subsidy agreement, which explains member obligations under the program.


The Disaster Rebuilding Assistance program member enrollment application and Disaster Rebuilding Assistance program subsidy agreement must be signed by a person listed on the current Advances Signature Card on file with FHLB Dallas.

Original signatures are required. Please send the original forms to:


Federal Home Loan Bank of Dallas
Attention: Community Investment Department
8500 Freeport Parkway South, Suite 600
Irving, TX 75063

After completing the enrollment process, members will be eligible to request Disaster Rebuilding Assistance program funds during each offering.

 

 

 

Disaster Rebuilding Assistance Program Funding Process

Once enrolled in the Disaster Rebuilding Assistance program, the member must submit a request to access the funds. Detailed information about the Disaster Rebuilding Assistance funding process is available in the Disaster Rebuilding Assistance Program Funding Manual.

The request(s) may be submitted via email to ahp@fhlb.com or fax to 214.441.8577.

 

Call Community Investment at 800.362.2944
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