Federal Home Loan Bank of Dallas Awards $73.5 Million for Affordable Housing

The Funding Will Create or Rehabilitate 3,777 Housing Units

DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that it has awarded $73.5 million in Affordable Housing Program (AHP) grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas.

“Through the strength of our member institutions, we’re able to channel these funds into projects that directly address the housing needs of our communities,” said FHLB Dallas President and CEO Sanjay Bhasin. “Our Affordable Housing Program is one of the most powerful tools we have to respond, and we’re proud to support projects that will bring affordable, quality housing within reach for thousands.”

FHLB Dallas annually returns at least 10 percent of its profits in the form of AHP grants to the communities served by its member institutions. View a video about the awards.

This year’s grants were awarded through 26 FHLB Dallas member institutions. Grants up to $1.75 million per organization were provided. They can be used for the construction or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.

Visit our Community Programs page for more information on our community investment offerings. A complete list of members and organizations that received AHP funding is available at 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 $116.1 billion as of June 30, 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.