Affordable Housing Program (AHP)

AHP Competitive GrantsFund the development of affordable owner-occupied and rental housing via project-specific grants through member institutions

The Bank contributes 10 percent of the previous year’s net income to the AHP and offers one application round annually

Grants up to $500,000 per project

Highlights: Competitive Grants2016 AHP application is available online February 1, 2016

In 2015, the Bank approved 30 applications for $7.6 million in AHP grants. A total of 107 applications were submitted, requesting $26.5 million in AHP grants

More than $2.9 million was awarded in Texas to assist with 361 housing units

Uses of Funds

Construction

Rehabilitation

Homebuyer Counseling

Acquisition Down Payment Closing Costs

Eligibility Requirements Sponsor Capacity:Document experience and manpower to meet objectives outlined in project description – include resumes and organizational bios, previous projects, AHP track record, etc.

Evidence of Demand:Support documentation that will provide evidence that your project location has a need for this type of housing and this type of family/tenant (i.e. market study, appraisal, city consolidated plan).

Site Control/Zoning: Evidence of site control and proper zoning must be provided in the application.

Owner-Occupied Feasibility Criteria Ranges/Limits

Income Targeting Less than 80% of AMI

Subsidy Pass-through Clearly demonstrated to homebuyer

Mortgage Term and Amortization Term

Not less than 5 years and 15 years respectively

Developer Fee and Profit Not to Exceed 15% of TDC net of Developers Fee

Cash Back Cash Back to Homebuyer at Closing is NOT Allowed

Homebuyer Equity Leverage Partnership

(HELP)

HELP Eligibility Requirements$1 million in grant funds available in 2015

Maximum grants per member capped at $50,000

First-come, first-served, and must be first-time homebuyer with household income less than 80 percent of AMI adjusted by family size

Homebuyer contribution is $500, and homebuyer education is required

Minimum loan term is not less than five years. Amortization Term is not less than 15 years

Grant is provided up to $4,000/homebuyer, and $6,000/homebuyer if member originates the first mortgage; $7,000 if member originates the first mortgage and contributes at least $350 toward fees and/or closing costs

HELP Projects

Special Needs Assistance Program (SNAP)

SNAPFirst-come, first-served, and household must have a special-needs person in the home

Area Median Income 80 percent or less

No homeowner contribution; rehabilitation assistance up to $5,000.

Assistance up to $6,000 is available if the member or another lender contributes $350 toward the rehabilitation costs and/or inspection fees

Homes must be within Bank’s five-state District

Two funding cycles: $1.5 million offered for the year:• January 2, 2015: $750,000 offered• August 3, 2015: $750,000 offered

Member cap: initial member cap is $45,000 and will increase to $90,000 on August 3, 2015

SNAP Eligibility Requirements Pre- and post-inspections are required. o Must be conducted by an independent third party selected by the

member

The combined inspection developer fees may not exceed 15 percent of the rehabilitation cost portion of the SNAP funds. o If the member conducts their own pre- and post-inspections of the

rehabilitation work at no cost, the developer fee to the intermediary may not exceed 10 percent of the rehabilitation cost portion of the SNAP funds

SNAP

Housing Assistance for Veterans (HAVEN) Program

What is HAVEN? Owner-occupied modification grant program that targets households that have an occupant who is disabled as the result of his/her active military service since September 11, 2001

Grant recipients must have received one of the following medals: • Afghanistan Campaign, Iraq Campaign• Global War on Terrorism Expeditionary, Global War on Terrorism Service• Purple Heart or higher award and be qualified as disabled by the VA, branch of the

U.S. military

Dsigned to support necessary home modifications and is open to active-duty personnel in addition to veterans

$73,529 available for 2015 as of July 24, 2015.

HAVEN Eligibility RequirementsFirst-come, first-served

Newly constructed home that needs to be adapted

Program designed to support necessary home modifications

Area Median Income of 120 percent or less for the household

Rehabilitation assistance up to $5,000. If member or lender contributes at least $350, the Bank will grant up to $7,500

Homes must be within Bank’s five-state District

HAVEN

Partnership Grant Program (PGP) $225,000 was available for the year 2015

Cover operating and administrative expenses. For example: providing financial literacy, budgeting, and homebuyer education classes

Nonprofit organization (involved in affordable housing or stimulating small business development)

Revenue of $550,000 or less

Multiple member contributions allowed

Bank match 3:1

PGP

Mason, TX - Mason County Habitat for Humanity (MCHFH) received a $12,000 Partnership Grant Program award from Mason Bank and the Federal Home Loan Bank of Dallas. MCHFH will use the funds to offset operating expenses and purchase construction equipment.

Questions?

For More Information

Additional information is available online at fhlb.com/community

Contacts

Steven Matkovich 214.441.8774

Robert Crutchfield 214.441.8673

Mark Loya 214.441.8636

AHP Department 800.362.2944