The Federal Home Loan Bank of Dallas announced a new $10 million initiative to help public housing authorities upgrade to storm-resistant roofing systems. The FHLB Dallas FORTIFIED Fund Rental program will provide grants to strengthen multifamily rental properties against severe weather events that frequently impact the region.

The program expands upon FHLB Dallas's existing FORTIFIED Fund, which has successfully provided storm-resistant roof upgrades to income-qualified homeowners throughout the district. FORTIFIED roofing systems meet standards established by the Insurance Institute for Business & Home Safety, designed to exceed standard building codes and better withstand high winds, hail, and heavy rain.

"By enhancing the resilience of multifamily housing against increasingly severe weather events, this program will help preserve affordable housing stock," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.

Applications will be accepted from FHLB Dallas member institutions on behalf of public housing authorities from July 21 through September 5, 2025, on a first-come, first-served basis. Individual grants of up to $1 million per project will be awarded this fall.

FHLB Dallas serves approximately 800 members and associated institutions across Arkansas, Louisiana, Mississippi, New Mexico, and Texas, with total assets of $109.9 billion as of March 2025. The bank is part of the 11-district FHLBank System established by Congress in 1932 to support housing and community development.