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Federal Home Loan Bank of Dallas Offers Disaster Relief Funds Through Members

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The Disaster Rebuilding Assistance Program Assists Homeowners Impacted
by Disasters

Adding to its collection of community investment programs, the Federal
Home Loan Bank of Dallas (FHLB Dallas) made available a way for members
to provide relief to homeowners impacted by disasters by making $500,000
available through the Disaster Rebuilding Assistance Program earlier
this year. Available only through FHLB Dallas members, the grant program
is a source of immediate funds to provide assistance to households in
FHLB Dallas' member communities that have been declared disaster areas
eligible for individual assistance by the Federal Emergency Management
Agency (FEMA).

The flooding in June and July that damaged parts of Cameron, Hidalgo and
Jim Wells counties in Texas, resulted in a subsequent FEMA individual
assistance disaster declaration. As a result, qualified homeowners who
are at or below 80 percent of the area median income could receive up to
$10,000 in grant funds for repair and construction costs that are not
covered by insurance or federal or state emergency assistance. As with
all FHLB Dallas grant programs, residents must apply through an FHLB
Dallas member institution.

"Natural disasters, such as hurricanes or flash flooding can devastate a
region with little or no notice. It is our duty as a service-oriented
organization to provide financial assistance tools for our members and
their communities through programs such as the Disaster Rebuilding
Assistance Program to assist with the recovery process," said FHLB
Dallas Vice President and Affordable Housing Program Manager Bruce
Hatton.

Under the Disaster Rebuilding Assistance Program:

• Grants are available through FHLB Dallas member institutions for
repair or construction costs not already funded by insurance or state or
federal emergency assistance

• Homes must be located within FHLB Dallas' five-state District of
Arkansas, Louisiana, Mississippi, New Mexico and Texas, and must be in a
FEMA-designated major disaster declaration area eligible for individual
assistance

• Homeowners must have 30 days of current ownership and must have had
primary ownership of the home as of the date of the FEMA disaster
declaration

• This is a grant program and funds are not repaid

• Grants are available on a first-come, first-served basis

FHLB Dallas member institutions may apply for Disaster Rebuilding
Assistance Program grants until funds are exhausted or December 31,
2018, whichever comes first. Visit fhlb.com/rebuilding
for additional details and criteria or contact Community Investment
at 800.362.2944. Grants funds are only available through a participating
member institution
.

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 $75.9 billion as of June 30, 2018, is a member-owned
cooperative that supports housing and community development by providing
competitively priced advances and other credit products to approximately
825 members and associated institutions in Arkansas, Louisiana,
Mississippi, New Mexico and Texas. Visit fhlb.com
for more information.

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