FHLB Dallas Expands Criteria for HAVEN Grant

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DALLAS, Aug. 13, 2013 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that it has expanded the criteria for its Housing Assistance for Veterans (HAVEN) grant to include more qualifying medals of honor.

FHLB Dallas created the HAVEN grant program in 2011 in an effort to assist the brave men and women who have served our country since the tragic events of September 11, 2001. The program provides home modifications for veterans and active duty personnel, who were disabled as a result of their military service since September 11, 2001.

Previously, HAVEN grants were available only to veterans and active duty personnel, who had received a Purple Heart or higher award. FHLB Dallas has expanded the eligibility criteria to include individuals who have received Afghanistan Campaign, Iraq Campaign, Global War on Terrorism Expeditionary, or Global War on Terrorism Service medals.

"HAVEN was created to give back to those veterans and service members, who as a result of their bravery, were disabled and now could use a little help with home repairs or modifications," said FHLB Dallas President and CEO Terry Smith.

FHLB Dallas grants up to $7,500 toward the rehabilitation or modification of the home of a veteran or active duty service member, who was disabled as a result of his or her military service post 9-11, has a household income that is 120 percent or less of the area median income, and meets certain other criteria.

HAVEN grants are available through FHLB Dallas' member institutions. A complete list of members can be found on FHLB Dallas' website at fhlb.com/community/HAVEN.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $32.7 billion as of June 30, 2013, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.

CONTACT: Corporate Communications Federal Home Loan Bank of Dallas www.fhlb.com (214) 441-8445

Source:Federal Home Loan Bank of Dallas