FHLB Dallas Awards $73 5 Million to Strengthen Affordable Housing Across the South

The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $73.5 million in Affordable Housing Program (AHP) grants to strengthen affordable housing efforts across six southern states—Arkansas, Colorado, Louisiana, Mississippi, New Mexico, and Texas. The funding will support 53 community projects, creating or rehabilitating 3,777 housing units for families, seniors, and individuals struggling with economic hardship.
FHLB Dallas President and CEO Sanjay Bhasin emphasized that the initiative reflects the power of collaboration between the bank and its member financial institutions, noting that the AHP remains “one of the most powerful tools we have” for addressing housing needs. The program dedicates 10% of the bank’s annual net income to community housing investments and has supported tens of thousands of affordable units since its inception.
This year’s awards, distributed through 26 member institutions, will fund developments ranging from multi-family rentals and senior housing to transitional shelters and supportive homes for people exiting homelessness. Projects are tailored to local needs: Texas will see workforce housing and rural rehabilitation efforts, Louisiana and Mississippi will focus on hurricane-resilient construction, New Mexico and Arkansas will expand affordable rentals, and Colorado will prioritize sustainable, energy-efficient upgrades.
Founded in 1932, FHLB Dallas is part of the nationwide FHLBank System, serving roughly 800 institutions with total assets exceeding $116 billion. Its AHP grants are vital for nonprofit developers and local governments in regions hit hard by affordability crises and natural disasters.
Experts say the funding comes at a critical moment as housing costs outpace incomes and rental availability tightens across the South. By partnering with community banks and housing groups, FHLB Dallas aims to revitalize neighborhoods, create jobs, and strengthen economic mobility.
“Affordable housing is the foundation of strong communities,” Bhasin said. “When people have a safe and affordable place to live, everything else—education, employment, and opportunity—becomes possible.”
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