- August 11, 2023
- Bulletin No: 2023-18
The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the availability of $1 million for members to assist nonprofit, governmental and tribal entities with initiatives that help prevent or address heirs’ property issues.
Heirs’ property refers to property inherited without a will or legal documentation proving ownership. With each successive generation, more heirs are typically added to the inheritance, which can complicate proof of ownership.
Co-applicant organizations (organizations) are eligible to receive up to $75,000 per organization through members depending on the use of the award, projected outcomes and experience in addressing heirs’ property issues.
Members may also request up to $25,000 per organization to provide grants for preventative education and awareness of heirs’ property issues.
Applications will be accepted from September 5, 2023 through September 29, 2023 and will be reviewed in the order received.
- The application must be submitted by the member
- Organizations must be participating in initiatives that help prevent or address heirs’ property issues
- Organizations should submit documentation of heirs’ property remediation, including years of remediation experience, number of successfully cleared titles over the past two years and staff experience in handling heirs’ property issues
- For preventative and educational efforts, organizations should submit curriculum or documents used in educational efforts
- Organizations must quantify the expected remediation impact in their applications
- Organizations must be located within the Bank’s District of Arkansas, Louisiana, Mississippi, New Mexico or Texas
Applications can be found at fhlb.com/heirsproperty. Combine the completed application forms along with requested documentation and submit application requests via email to firstname.lastname@example.org.
How You Can Learn More:
Register here or at fhlb.com/events for an informational webinar at 2:00 p.m., Tuesday, August 29. The webinar, open to members and organizations assisting with heirs’ property issues, will provide an overview of eligibility criteria and the application process.
Please see fhlb.com/heirsproperty for more information, including program enrollment information, frequently asked questions and the amount of funds still available, or call 800.362.2944 to reach an affordable housing analyst.
Sanjay K. Bhasin
President and Chief Executive Officer