The Federal Home Loan Bank of Dallas (FHLBank Dallas) has initiated a significant funding opportunity through its Project Grant Program (PGP), designed to bolster affordable housing initiatives. This program offers a remarkable 5:1 match on member contributions, allowing each participating member to receive a maximum of $125,000 for qualifying projects, given their contribution caps at $25,000. This financial support aims to enhance the development of affordable housing solutions, addressing critical needs in communities, particularly in areas like New Orleans.
Key Components:
– **5:1 Matching Grant**: FHLBank Dallas supports members with a significant match on contributions.
– **Contribution Cap**: Each member can receive funding up to $125,000 based on their maximum contribution of $25,000.
– **Focus on Affordable Housing**: This initiative highlights the organization’s commitment to facilitating access to affordable housing, responding to pressing community needs.
– **Regional Importance**: Targeting areas such as New Orleans, the grant aims to tackle local housing challenges and foster sustainable development.
You can read this full article at: https://wrenews.com/60000-fhlbank-dallas-grant-to-support-affordable-housing-initiatives-in-new-orleans/
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