The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $1 million in funding to seven tribally designated housing entities (TDHEs) through its Native American Housing Opportunities (NAHO) Fund. FHLB Dallas introduced the NAHO Fund this year to address the housing needs of federally recognized tribes and TDHEs through grants of $50,000 to $150,000 per application.

Eligible uses for the NAHO Fund grants range from down payment, closing cost and rental assistance to repairs and new construction. The program also provides grants for administrative and operational expenses such as new program development and consultant fees for TDHEs.

“This fund reflects our understanding of the unique housing challenges faced by Native American communities,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “Through the NAHO Fund, we are proud to partner with our members and tribal housing organizations to foster long-term improvements and expansion of tribal housing.”

The 2024 award recipients are:

Louisiana

Charenton

Member: First National Bank Jeanerette

Sponsor: Chitimacha Tribe of Louisiana

Grant: $150,000

The funds will be used for:

• Roof repairs and preventive maintenance repairs under the Chitimacha Tribal Elderly Housing Emergency Assistance Program

Mississippi

Choctaw

Member: The Citizens Bank

Sponsor: Mississippi Band of Choctaw Indians

Grant: $150,000

The funds will be used for:

• 10 home rehabilitation projects
• 20 delinquent-household assistance programs
• 12 homebuyer education classes

New Mexico

Espanola

Member: Del Norte Credit Union

Sponsor: Santa Clara Pueblo Housing Authority

Grant: $150,000

The funds will be used for:

• A housing-needs assessment to identify specific housing needs of the Santa Clara Pueblo community that inform policy and funding decisions

Jemez Pueblo

Member: Wells Fargo

Sponsor: Pueblo of Jemez Housing Authority

Grant: $138,895

The funds will be used for:

• Hiring a consultant to prepare a preliminary cost analysis and financial structuring for the Pueblo Place Housing Subdivision Phase II project – an affordable housing project comprising both homeownership and rental units

Santa Fe

Member: Southwest Capital Bank

Sponsor: San Ildefonso Housing Authority

Grant: $118,305

The funds will be used for:

• Accounting software to improve financial management capacity and for hiring a qualified construction manager for the Deer Tail Phase II project, which will create 27 owner-occupied units for the San Ildefonso tribal members

San Felipe Pueblo

Member: Southwest Capital Bank

Sponsor: San Felipe Pueblo Housing Authority

Grant: $142,800

The funds will be used for:

• Developing a website that will allow tribal members to complete applications and access information for affordable housing programs

Texas

Livingston

Member: Austin Bank

Sponsor: Alabama-Coushatta Indian Housing Authority

Grant: $150,000

The funds will be used for:

• AC units in 18 homes
• Generator switches in 65 homes
• Internet connections in 20 homes
• Rental/utility assistance to 26 households

Learn more about the NAHO Fund at fhlb.com/naho fund.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $126.2 billion as of June 30, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240920971135/en/