Dallas, 20 January 2012 (GlobeNewswire via COMTEX) - The Federal Home Loan Bank of Dallas (Bank) is pleased to announce it is making available $ 1 million in homebuyer Equity Leverage Partnership (HELP) grants and $ 1 million for Special Needs Assistance Program (SNAP) provides 2012 .
HELP is a program funded by the bank's Affordable Housing Program (AHP), which the bank pays the money out of the national institutions to help low-and middle-income, first time homebuyers with down payment and closing costs. The bank offers up to $ 5,000 to assist individual homebuyers.
Snap the AHP set-aside program, the Bank provides grants to member institutions to help special needs households with home rehabilitation and modification costs. Special needs households can receive up to $ 5,000 Snap-on tools.
Grant funds are available until they are exhausted or until 31 December 2012, whichever comes first.
"The Bank is pleased to offer help and again in 2012, SNAP grants," said Bank President and CEO Terry Smith. "HELP and SNAP continue to be among the most commonly used banking support programs, and we are pleased to help its members meeting the housing and home modification needs of their communities."
Please refer to the website of the Bank's Community Investment fhlb.com / community funding for the applicable manuals, and the Bank's program, which provides specific information on all the bank's assistance programs.
About the Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Dallas is one of the 12th banks in the district FHLBank System created by Congress in the 1932nd FHLB Dallas, with total assets amounted to $ 31400000000 30th September 2011, is owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit FHLB Dallas website fhlb.com.
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