Bulletin No.: 2014-30
December 5, 2014
SUBJECT: Bank Announces New Application Date for
Competitive AHP Grants
The Federal Home Loan Bank of Dallas (Bank) announces that the deadline to
submit grant applications for Affordable Housing Program (AHP) funds in 2015 is
two weeks earlier than in previous years. Members are encouraged to make note of
this important change.
The Bank will begin accepting applications February 2, 2015, and the deadline
to submit an application for the 2015 AHP funding round is March 17, 2015.
Applications may be submitted via the AHP Online Application portal on
fhlb.com, which will open February 2.
By statute, the Bank returns 10 percent of its profits each year to the
communities served by its member institutions in the form of AHP grants. In
2014, the Bank awarded $9.8 million in AHP grants to 33 affordable housing
projects primarily within its District. The grants will result in the creation
or rehabilitation of 1,586 new housing units. Since the program’s inception in
1990, the Bank has awarded more than $228 million in AHP grants to help
approximately 42,000 families obtain safe, affordable, and quality housing.
AHP grants are a great source of gap funding for owner-occupied and rental
developments. The grants may assist members in financing the purchase,
construction, and/or rehabilitation of owner-occupied, rental, transitional, and
homeless housing within members’ communities.
For more information on the AHP, or any of the Bank’s grant programs, or for
technical assistance in completing your AHP application, please contact the
Community Investment Department at 800.362.2944.
Vice President, Director of Community Investment