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Federal Home Loan Bank of Dallas Awards $2 Million in Heirs? Property Program Grants Through 20 Members

BY Business Wire | AGENCY | 04:25 PM EST

Funds to Help Organizations Prevent or Remediate Property Title Issues

DALLAS--(BUSINESS WIRE)-- The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $2 million in Heirs? Property Program grants to assist 33 organizations in Arkansas, Mississippi, Louisiana and Texas to help prevent or remediate heirs? property issues.

?There?s been so much enthusiasm for the Heirs? Property Program,? said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. ?It?s been wonderful to assist so many organizations and people with these issues, which can be a difficult process to go through alone.?

Heirs? property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation generally results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or a home as time passes. The inability to provide clear title can make it very difficult for families to transfer, or obtain a loan on, the impacted property. View this video to learn more about the impact the Heirs Property Program has had on local communities.

The 2024 funds will assist 33 organizations with clearing an estimated 560 titles and prevent heirs? property issues by executing wills for more than 1,364 individuals. The funding is also expected to assist more than 5,670 people with training and education.

In 2024, organizations could receive up to $100,000. Awardees included affordable housing associations, community development groups, women-focused organizations and legal aid organizations.

The next application window for Heirs? Property Program awards opens in September 2025. Recipients must be in FHLB Dallas? five-state District of Arkansas, Louisiana, Mississippi, New Mexico or Texas and meet the program?s requirements.

See a full list of the awardees. For more information about the Heirs? Property Program, visit fhlb.com/heirs.

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 $124.9 billion as of September 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 fhlb.com.?

Source: Federal Home Loan Bank of Dallas

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