Federal Home Loan Banks Pledge $2 Million for Hurricane Relief
September 28, 2017
In the past two months, the FHLBanks have established $2 million in relief funds to support communities affected by the recent hurricanes. These funds will help communities in Texas, the Gulf Coast, Florida and areas in the southeast U.S., Puerto Rico and the U.S. Virgin Islands. the FHLBank of Dallas, whose district includes the states most affected by Hurricane Harvey, announced a $1 billion commitment in low-cost loans and launched a $7 million grant program to address the immediate needs of its members and their communities across the Gulf Coast region stricken by the historic storm. The FHLBank of New York is expected to announce soon its plans to address the devastation caused by Hurricane Maria.
Read more about the FHLBanks relief funds here.