FHLB Dallas Grants $8.7M for Storm-Resistant Public Housing Roofs

FORTIFIED Roofs for Affordable Rental Properties Meant to Withstand Severe Weather

DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) has announced $8.7 million in grants to public housing authorities (PHAs) for the installation of storm-resistant roofs on affordable rental properties. This major investment, in the first year of FHLB Dallas FORTIFIED Rental Program, is designed to help communities better withstand the impact of severe weather.

Grants of up to $1 million each are designed to bolster the resilience and safety of homes impacted by severe weather conditions.

The awards were made through six FHLB Dallas member institutions to 10 housing authorities across four states:

Arkansas:
Member: Simmons Bank
Grantee: Conway Housing Authority
Grant: $518,037 for 91 rental units

Member: Hope Federal Credit Union
Grantee: Little River Housing Authority
Grant: $1,000,000 for 148 rental units

Member: Simmons Bank
Grantee: Magnolia Housing Authority
Grant: $1,000,000 for 180 rental units

Member: Simmons Bank
Grantee: Metropolitan Housing Authority
Grant: $1,000,000 for 224 rental units

Louisiana:
Member: Red River Bank
Grantee: Alexandria Housing Authority
Grant: $952,050 for 224 rental units

Member: Home Bank
Grantee: Housing Authority of New Orleans
Grant: $1,000,000 for 465 rental units

Member: Red River Bank
Grantee: Housing Authority of the City of Shreveport
Grant: $190,992 for 17 rental units

Mississippi:
Member: Hope Federal Credit Union
Grantee: Mississippi Regional Housing Authority No. VIII
Grant: $1,000,000 for 152 rental units

Texas:
Member: Texas Regional Bank
Grantee: Housing Authority of the City of Brownsville
Grant: $1,000,000 for 184 rental units

Member: Woodforest National Bank
Grantee: Housing Authority of San Antonio
Grant: $1,000,000 for 499 rental units

FHLB Dallas awarded $10 million earlier this year through a program geared toward homeowners—the FHLB Dallas FORTIFIED Fund.

FORTIFIED roofs meet rigorous standards set by the Insurance Institute for Business & Home Safety (IBHS), going beyond typical building codes to protect against high winds, hail and thunderstorms—threats that have become increasingly common in FHLB Dallas’ region.

“We’re committed to making affordable housing stronger and safer for families facing tough weather,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “This initiative not only protects residents but also helps preserve the long-term affordability and safety of public housing across our District.”

The program is open to FHLB Dallas member institutions, which apply for grants on behalf of PHAs.

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 $112.2 billion as of September 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.