Federal Home Loan Bank of Dallas Launches $10 Million Fund to Support Public Housing Authority Rental Properties with Storm-Resistant Roofs

DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce a $10 million fund dedicated to supporting public housing authority (PHA) rental properties with storm-resistant roofs. This new initiative aims to bolster the resilience and safety of housing frequently impacted by severe weather conditions.

The new FHLB Dallas FORTIFIED Fund Rental program builds on the success of the original FHLB Dallas FORTIFIED Fund, which has provided storm-resistant roof upgrades to income-qualified homeowners across FHLB Dallas’ District. FORTIFIED is a roofing system that meets the standards set by the Insurance Institute for Business & Home Safety (IBHS). These standards are designed to strengthen roofs beyond standard building codes to better withstand severe weather, including high winds, hail and heavy rain.

“With the addition of the rental component, we’re furthering our commitment to protect communities across our District by investing in storm-resistant roofing,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “By enhancing the resilience of multifamily housing against increasingly severe weather events, this program will help preserve affordable housing stock.”

The program is only open to FHLB Dallas member institutions, which may apply for funds on behalf of PHAs from Monday, July 21, 2025, through Friday, September 5, 2025, on a first-come, first-served basis. Grants up to $1 million per project will be awarded this fall.

For more information on the FHLB Dallas FORTIFIED Fund Rental program, visit fhlb.com.

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 $109.9 billion as of March 31, 2025, 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 fhlb.com.