FHLB Dallas: Partnership Grant Program

The Federal Home Loan Bank of Dallas (FHLB Dallas) is one of 11 regional banking cooperatives that provide financial institutions with support in promoting affordable housing and economic development. The Partnership Grants Program (PGP) helps promote and strengthen relationships between community-based organizations (CBOs) and FHLB Dallas member institutions—FHLB Dallas member institutions and CBOs are expected to partner to jointly apply for this funding. The participating member institution must provide a cash contribution toward its CBO partner of $500–$4,000. The cash contribution will be matched by FHLB Dallas at a 3:1 ratio.
PGP funds may be used for:

• Social Services—To offset costs associated with providing aid and meeting needs of the community such as economic and rental assistance, shelter and housing, and job training.
• Organizational Capacity-Building—To offset operational and administrative expenses; purchase or rent equipment or computer software; hire staff and/or consultants; secure technical assistance, training or consulting; or sponsor special program-related events, meetings or conferences.
• Assistance in Applying for Grants and Other Funding Sources—To cover expenses in preparing applications for FHLB Dallas programs; and hire fundraising and/or grant-writing consultants.
• Contractual Services—Architectural, engineering and survey fees (pre-development project costs); and legal, accounting and administrative costs (program operating expenses).
• Research and Studies—For marketing, feasibility and planning studies for economic development and affordable housing projects; environmental studies; lead and asbestos testing.

PGP awards are allocated through a lottery system. Awarded funds will flow through FHLB Dallas member institutions.

Amount: $400,000 is available to make awards of up to $12,000.

Eligibility: FHLB Dallas member institutions may apply, in partnership with 501(c)(3) community-based organizations involved with affordable housing, stimulating small business development or providing small business technical assistance, whose total revenues do not exceed $600,000. Recipients must serve, and be located in, Arkansas, Louisiana, Mississippi, New Mexico or Texas.

Note: Lead applicants must be FHLB Dallas member institutions; 501(c)(3) community-based organizations will act as co-applicants.

Link: https://www.fhlb.com/community-programs/partnership-grant-program

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