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October 3, 2011


Corporate Communications
Federal Home Loan Bank of Dallas
(214) 441-8445

Federal Home Loan Bank of Dallas Rolls Out New Program for Veterans and Service Members

DALLAS, TEXAS, October 3, 2011 – In an effort to assist the brave men and women who have served our country since the tragic events of September 11, 2001, the Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce a home modification grant program.

The Housing Assistance for Veterans (HAVEN) program is a unique housing program designed to provide grants to households of veterans or active service members who were injured, and therefore disabled, as a result of their active military service since the September 11th attacks.

FHLB Dallas has allocated $250,000 for HAVEN, with funding available beginning October 3, 2011.

“We recognize that the men and women who have served our country since 9-11 have made huge sacrifices,” said FHLB Dallas President and CEO Terry Smith. “For those heroic individuals who were disabled as a result of that sacrifice, FHLB Dallas has made this grant program available through our member institutions in an effort to help make the homes of our returning service members more accessible.”

HAVEN funds are available through participating FHLB Dallas member institutions to assist individuals in FHLB Dallas’s five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Applicants can locate a list of FHLB Dallas’s members on its website at fhlb.com/member/. The grant recipients must have received a Purple Heart or higher award, and be classified as physically disabled by the Veteran’s Administration, a branch of the U.S. military, the federal government, or other acceptable source to receive a HAVEN grant.

The grants can be used toward home modifications directly related to the veteran’s or service member’s service-related disability. Such modifications could include, among others, installing grab bars or ramps, widening doorways, or lowering countertops.

“Making housing modifications available to disabled veterans is more than an opportunity to show support for those who risk their lives to protect our freedom,” said Congressman Al Green, D-Texas. “It is without question the right thing to do.”

Under HAVEN, FHLB Dallas will award up to $5,000 toward the modification of the property, but if the member or another lender contributes at least $350 toward financial or other concessions in connection with the modification, FHLB Dallas will grant up to $7,500 toward the rehabilitation.

For more information on HAVEN, please visit the Bank’s website at fhlb.com/ community/HAVEN, or contact the Community Investment Department at 800.362.2944.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $31.4 billion as of June 30, 2011, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the FHLB Dallas website at fhlb.com.


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