- August 11, 2023
DALLAS, TEXAS, August 11, 2023 — The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the Heirs’ Property Program and the availability of $1 million for member institutions to assist nonprofit, governmental and tribal entities with initiatives that prevent or address heirs’ property issues.
Heirs’ property refers to property inherited without a will or legal documentation proving ownership. Each successive generation generally results in more heirs being added to the inheritance, which can complicate proof of ownership.
Through FHLB Dallas members, organizations may receive up to $75,000 to mitigate heirs’ property issues and up to $25,000 to provide preventative education and awareness of heirs’ property issues. The maximum award per organization cannot exceed $75,000.
“Heirs property issues disproportionately impact minority communities and low-income groups particularly. Not having a clear title to your property is one of the biggest barriers to improving one’s economic position and creating generational wealth,” said Greg Hettrick, senior vice president and director of Community Investment for FHLB Dallas. “We encourage initiatives and solutions to tackle this issue and look forward to funding organizations with a track record of remediation and education.”
Applications will be accepted from September 5, 2023, through September 29, 2023, and will be reviewed in the order received at the end of the application round.
To qualify for funds, the organization must be located within Arkansas, Louisiana, Mississippi, New Mexico or Texas. Visit fhlb.com/heirsproperty for complete program information and requirements.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $174 billion as of June 30, 2023, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.
Federal Home Loan Bank of Dallas