The Federal Home Loan Bank of Dallas (FHLBank Dallas) is now offering a $1 million fund to support affordable housing on tribal lands in its District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
The new Native American Housing Opportunities Fund will enable federally recognized tribes and Tribally Designated Housing Entities sponsored by an FHLB Dallas member to apply for grants of $50,000 to $150,000 per application. The fund can be used for down payment and closing cost assistance for home purchases, repairs to owner-occupied homes, rental assistance for tribal members and new construction or rehabilitation of existing housing.
“Our District has about 30 federally recognized tribes that could potentially benefit from this new initiative,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “We are eager to open the application window on this brand-new fund.”
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