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Community Development Special Finance Program Pilot

Pilot Program Encourages CDFI Single-Family Lending with Collateral Haircut


The Community Development Special Finance Program (CDSFP) pilot was created by FHLB Dallas to increase member support for single-family housing lending activity. Through the pilot, FHLB Dallas will provide a more favorable haircut to members who pledge single-family residential loans to certain income-qualified borrowers.

The pilot supports FHLB Dallas members with a reduced collateral haircut (12 percent) for qualifying mortgage loans to certain income qualified borrowers, known as CDSFP income qualified single-family residential loans (CDSFP qualified loans). The maximum amount of CDSFP qualified loans to be pledged under the pilot program is $200 million (after pricing and haircuts). 

The pilot begins March 1, 2024. It will remain open for two years or until $200 million in qualifying collateral is pledged, whichever occurs first.

During the program’s initial six months, $150 million of the total collateral capacity will be dedicated to CDFIs and $50 million will be available to other members. After six months, the remaining capacity under the $200 million program cap will be available to all members.


Frequently Asked Questions

Community Development Special Finance Program (CDSFP), January 26, 2024

The CDSFP is a pilot program designed to support community development activities, especially for Community Development Financial Institution (CDFI) members that historically have had challenges with collateral availability. The pilot will support FHLB Dallas members, including CDFIs, with a reduced collateral haircut for qualifying mortgage loans to certain income qualified borrowers (CDSFP Income Qualified Single-Family Residential loans or “CDSFP Qualified Loans”).

Read the CDSFP FAQs