The bank’s annual subsidy funds new housing and upgrades to existing affordable housing stock.
The Federal Home Loan Bank of Dallas (FHLB) awarded over $28 million to affordable housing projects that will rehabilitate or build 2,677 units, reports Liz Carey in Financial Regulation News. The 43 projects are located in Arkansas, Louisiana, Mississippi, New Mexico and Texas.
As Carey explains, “Each year, FHLB Dallas returns 10 percent of its profits to the communities served by its member institutions in the form of AHP subsidies. Officials said this year’s subsidies of up to $850,000 per application went to 24 member institutions.” The subsidies fund new construction or the rehabilitation of existing affordable housing.
The FHLB Dallas “is a part of the Federal Home Loan Bank System, created by an Act of Congress and signed into law by President Herbert Hoover on July 22, 1932, to provide capital for mortgage funding during the Great Depression,” according to the bank’s website.
FULL STORY: More than $28M awarded for affordable housing in five states
California Developers Opt for Privately Funded Affordable Housing
Housing advocates worry that, without government guardrails, buildings may not remain affordable or well-maintained in the long term.
California’s New Housing Laws: What You Need to Know
The state legislature passed dozens of new laws aimed at improving housing affordability and streamlining the development process to meet rising demand.
Disabled Veterans Gain Access to Supportive Housing Assistance
Disability benefits will no longer exclude veterans from supportive housing programs.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
Study: London ULEZ Rapidly Cleaning up Air Pollution
Expanding the city’s ultra low-emission zone has resulted in dramatic drops in particle emissions in inner and outer London.
Public Parks as Climate Resilience Tools
Designed with green infrastructure, parks can mitigate flooding, reduce urban heat, and enhance climate resilience, offering cost-effective solutions to environmental challenges while benefiting communities.
What the Proposed Federal Budget Means for Transit, Rail
The proposed FY 2025 budget keeps spending for public transit and passenger rail essentially the same as in 2024.
Disconnecting Communities: Measuring the Social Impacts of Freeways
Research from 50 major U.S. cities shows social connections are weakest in neighborhoods where highways are present.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Resource Assistance for Rural Environments
City of Edmonds
City of Grandview
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research