- July 02, 2021
- Bulletin No: 2021-14
The Federal Home Loan Bank of Dallas (Bank) has added $250,000 to the Disaster Rebuilding Assistance fund in response to members’ requests as the fund was recently depleted due to high demand from the 2020 hurricane season.
The additional funds will be made available beginning August 2.
Disaster Rebuilding Assistance subsidies are available to affected residents in the Bank’s member communities. The communities must be declared disaster areas eligible for individual assistance by the Federal Emergency Management Agency (FEMA) in order to qualify.
Individuals may apply for the funds through the Bank’s member financial institutions.
Disaster Rebuilding Assistance:
- Subsidies are available to homeowners who are at or below 80 percent of the area median income, up to $10,000 for repair and construction costs not covered by insurance or federal or state emergency assistance
- Homes must be located within parishes or counties declared as disaster areas by FEMA
- Homeowners must have 30 days of current ownership and must have had primary ownership of the home as of the date of the FEMA disaster declaration
- Disaster Rebuilding Assistance is a subsidy and, as such, the funds are not repaid
- Subsidies are available on a first-come, first-served basis
Members may apply for Disaster Rebuilding Assistance subsidies until funds are exhausted. For more detailed program information, including application forms, visit fhlb.com/rebuilding or contact Community Investment at 800.362.2944.
Sanjay K. Bhasin
President and Chief Executive Officer