The Federal Home Loan Bank of Dallas in partnership with  member financial institutions has awarded $14 million in Affordable Housing Program grants to 29 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas, which will result in the creation or rehabilitation of 1,853 housing units.

FHLB Dallas annually returns 10 percent of its profits in the form of AHP grants to the communities served by its member institutions. AHP funding is utilized for a variety of projects, including home rehabilitation and modifications for low-income, elderly and special-needs residents; down payment and closing-cost assistance for qualified first-time homebuyers; and the construction of low-income, multifamily rental communities and single-family homes.

“FHLB Dallas’ AHP provides millions of dollars for housing in our District, which our member institutions use to develop and support their communities,” said FHLB Dallas President and CEO Sanjay Bhasin. “It is our privilege to provide a program through which our members can positively impact their communities.”

Fires in California Place $18B of Houses at Risk

Houses with a reconstruction cost value of $18 billion, or 48, 390 homes, face high or extreme risk of wildfire damage from the Camp and Woolsey fires in Northern and Southern California, according to a CoreLogic analysis. While other hazards may cause partial destruction but rarely eliminate an entire property, wildfire events are more likely to cause total loss to structures affected.

Also, not all structures within a fire perimeter will suffer damage or be destroyed by the fire. Once the wildfires are contained, CoreLogic will assess the damage and provide a post-catastrophe loss estimate for the affected areas.