In October, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced $59,792,101 in Affordable Housing Program (AHP) grants to 37 affordable housing projects across Arkansas, Louisiana, Mississippi, New Mexico and Texas. The grants will help create or rehabilitate 3,109 housing units for low-income individuals and families across the FHLB Dallas district.
“Access to quality, affordable housing strengthens communities and creates opportunities for families to thrive,” says Sanjay Bhasin, president and CEO. “Working alongside our members and community partners, we are investing in housing developments that will strengthen neighborhoods and help meet critical housing needs.”
FHLB Dallas allocates 10 percent of its annual profits to AHP grants and contributes an additional 5 percent to voluntary community investment programs, benefiting the communities served by its member institutions. The 2026 grants were awarded through 18 FHLB Dallas member institutions. Grants of up to $1.75 million per project were available to support the construction or rehabilitation of owner-occupied, rental and transitional housing, as well as housing for individuals experiencing homelessness.
FHLB Dallas’ 2026 grant distribution:
- Arkansas: $11,326,101 for 400 units
- Louisiana: $6,300,000 for 354 units
- Mississippi: $4,235,000 for 138 units
- New Mexico: $4,025,000 for 129 units
- Texas: $33,906,000 for 2,088 units
2026 Texas AHP Grant Recipients:
- Member: Texas Capital Bank
Sponsor: Austin Affordable Housing Corp.
Grant: $1,750,000 for 77 rental units - Member: Frost Bank
Sponsor: Mobile Loaves & Fishes Inc.
Grant: $1,750,000 for 76 rental units - Member: Frost Bank
Sponsor: Mobile Loaves & Fishes Inc.
Grant: $1,750,000 for 76 rental units - Member: Frost Bank
Sponsor: Mobile Loaves & Fishes Inc.
Grant: $1,111,000 for 30 rental units
- Member: Southern Bancorp Bank
Sponsor: Volunteers of America National Services
Grant: $1,680,000 for 60 rental units
- Member: Texas Capital Bank
Sponsor: Adult & Teen Challenge of Texas
Grant: $1,750,000 for 39 rental units
- Member: WestStar Bank
Sponsor: Paisano Housing Redevelopment Corp.
Grant: $1,400,000 for 40 rental units
- Member: Home Federal Bank
Sponsor: Waco Housing Authority
Grant: $1,750,000 for 66 rental units
- Member: Frost Bank
Sponsor: Oikos CDC
Grant: $1,750,000 for 77 rental units - Member: Prosperity Bank
Sponsor: Avenue CDC
Grant: $1,750,000 for 140 rental units - Member: Texas Capital Bank
Sponsor: New Hope Housing Inc.
Grant: $1,750,000 for 144 rental units - Member: Texas Capital Bank
Sponsor: New Hope Housing Inc.
Grant: $1,750,000 for 134 rental units
- Member: Texas Bank and Trust Company
Sponsor: St Mary Development Corporation
Grant: $1,750,000 for 80 rental units
- Member: Texas National Bank
Sponsor: Pharr Housing Development Corp.
Grant: $1,750,000 for 196 rental units - Member: Texas National Bank
Sponsor: Pharr Housing Development Corp.
Grant: $1,750,000 for 80 rental units - Member: Texas National Bank
Sponsor: Pharr Housing Development Corp.
Grant: $1,750,000 for 76 rental units
- Member: Prosperity Bank
Sponsor: Coalition for Responsible Community Development
Grant: $1,715,000 for 49 rental units
- Member: Home Bank, N.A.
Sponsor: HFCC, Inc.
Grant: $1,750,000 for 80 rental units - Member: Southern Bancorp Bank
Sponsor: San Antonio Housing Trust Public Facility Corp.
Grant: $1,750,000 for 68 rental units - Member: USAA Federal Savings Bank
Sponsor: Haven for Hope of Bexar County
Grant: $1,750,000 for 500 rental units
