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Special Needs Assistance Program

"It is amazing what this program has accomplished over the years. There are few others like it, and Renasant Bank is proud to offer this unique opportunity to eligible Tupelo homeowners.”

- Phyllis Drope, executive vice president, Renasant Bank

Available Funds as of February 2, 2017: $0

Current Member Maximum: $50,000

FHLB Dallas has set aside $1.5 million of its 2017 AHP funds for the Special Needs Assistance Rehabilitation Program (SNAP). Through member institutions, SNAP provides grant funds for the repair and rehabilitation of owner-occupied housing of eligible, special-needs individuals.

SNAP Program Maximum Award

The maximum SNAP program award per household is $5,000, unless the member contributes $350 toward the rehabilitation costs and/or inspection fees, then the maximum SNAP program award per household is $6,000. Members may receive up to $50,000 in SNAP funds.

For more information about the SNAP program, call the Community Investment Department at 800.362.2944.

Members Participating in SNAP Program

Below is a link to a list of members who participate in the SNAP Program. 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 program cap within a given year; therefore, they may or may not be able to assist you.

SNAP Requirements

  • Households must have a family income of 80 percent or less of the median income for the area.
  • Only special-needs households are eligible. Please see Attachment A of the Affordable Housing Program Implementation Plan for the definition of "special needs". The household will qualify if at least one household member meets the special needs definition. Please see the SNAP Funding Manual for acceptable documentation to evidence special needs.
  • SNAP funds may not be used in conjunction with any approved AHP or HELP grant.
  • The member shall pass on the full amount of the SNAP funds as a grant for the benefit of the household for which the SNAP funds were approved, which must be documented in applicable documents related to the rehabilitation.
  • Actual invoices or signed cost estimates and a pre-rehabilitation inspection report are required evidencing the amount of SNAP funds requested. Verification of the completed rehabilitation work via a post-rehabilitation inspection report is required.
  • The member, or designee, will be responsible for ensuring that the SNAP-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 SNAP 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 SNAP funds.
  • Homeowners may not receive any cash back from the rehabilitation.
  • FHLB Dallas will grant up to $5,000 toward the rehabilitation, unless the member contributes $350 toward the rehabilitation costs and/or inspection fees, in which case FHLB Dallas will grant up to $6,000 toward the rehabilitation.
  • Subject to the following sentences, SNAP funds may be used to pay for third-party inspection costs and developer fees not to exceed 15 percent of the rehabilitation cost portion of the SNAP funds. The party inspection costs and developer fees may be paid with SNAP funds only if (i) the costs are not paid by any other source (including the member) and (ii) the homeowner receiving the cost assistance utilizes SNAP funds to rehabilitate the home.
  • The rate of interest, points, fees, and any other charges for a loan made in conjunction with the SNAP subsidy must not exceed a reasonable market rate of interest, points, fees, and other charges for a loan of similar maturity, terms, and risk.
  • The SNAP-assisted property must be located within FHLB Dallas' District of Arkansas, Louisiana, Mississippi, New Mexico, or Texas.

Detailed information and guidelines governing SNAP can be found in attachment C of the AHP Implementation Plan.

 

​SNAP Application

FHLB Dallas does not provide grants or loans directly to consumers. Consumers, community-based organizations and similar entities seeking SNAP funds should contact an FHLB Dallas member institution. Members submit SNAP grant requests to FHLB Dallas. SNAP 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 SNAP funds once they have completed the SNAP Member Enrollment Application. This is a one-time enrollment application necessary for participation in the SNAP program. The SNAP Member Enrollment Application includes the SNAP Subsidy Agreement, which explains member obligations under the program.

The SNAP Member Enrollment Application and SNAP Subsidy Agreement needs to 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 SNAP funds during each annual offering.

 

 

​SNAP Funding Process

 

Once enrolled in SNAP, the member must submit a request to access SNAP grant funds. Detailed information about the SNAP Funding Process is available in the SNAP 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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