The Federal Home Loan Bank of Dallas (FHLB Dallas) has added an additional $5 million in funding to its homebuyer down payment and closing cost assistance grant program due to high demand and rising home costs.
FHLB Dallas initially allocated $17 million for 2025 to its Homebuyer Equity Leverage Partnership (HELP), an increase from $15.5 million last year, but three-fourths of the grant funds have already been depleted.
HELP grants are available in FHLB Dallas’ five state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides the funding through its financial institution members and does not provide funds directly to consumers.
Homebuyers are encouraged to reach out to a local financial institution in their area that is enrolled in the program to learn more about eligibility requirements and the application process. Arkansas Federal Credit Union & Credit Union of Texas are participating members.
Homebuyers in Arkansas, Louisiana and Mississippi may receive grants of up to $20,000 while homebuyers in New Mexico and Texas may qualify for up to $25,000.
FHLB Dallas members may begin accessing funds on the following dates:
- $2.5 million on July 1, 2025
- $4.25 million on August 1, 2025 (The remainder of the original 2025 allocation)
- $2.5 million on October 1, 2025
“We are making these additional funds available due to the high demand for HELP grants that we’ve had from our members,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “Down payment and closing costs are often among the biggest obstacles to buying a home. We value the work our members are doing in helping transition renters into homeowners in their communities.”