FHLBank Dallas: Partnership Grant Program
Application submission window is May 15, 2023 – June 22, 2023.
In 2023, the Federal Home Loan Bank of Dallas (FHLB Dallas) offers the Partnership Grant Program (PGP) that will fund community-based organizations (CBOs) with up to a 3:1 match of member institution contributions (member’s contribution to a CBO can range from $500 to $4,000) to provide a match of up to $12,000 per member institution to promote and strengthen relationships between CBOs and FHLB Dallas members. PGP grants are offered once a year through FHLB Dallas’ member institutions via a lottery system.
The PGP also complements the development activities fostered by FHLB Dallas’ Affordable Housing and Community Investment programs.
Partnership Grants may be used for the following purposes:
Social Services: To offset costs associated with providing aid and meeting needs of the community such as job training, economic and rental assistance, temporary shelter, and housing, and job training. PGP funds may not be used to pay for construction materials.
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; 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; Hire fundraising and/or grant-writing consultants.
Contractual services: Architectural, engineering and survey fees (pre-development project costs); 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.
Amount: FHLB Dallas has allocated $400,000 to make awards of up to $12,000.
Eligibility: To Qualify, the following criteria must be met by members and CBOs:
- CBO must be involved in affordable housing or economic development activities that compliment other FHLB Dallas community investment programs
- Applicant must be a member of FHLB Dallas
- CBO must have a 501(c)(3) IRS designation. For federally recognized tribes, the tribe must have a copy of the IRS determination letter indicating that their organization is a tribal government entity
- CBO must have an annual revenue of $600,000 or less and be located within Arkansas, Louisiana, Mississippi, New Mexico or Texas
- Participating member institution’s contribution must be a cash contribution
A lottery system will be used to select the recipients from the pool of submitted applications
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