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Floods

Federal Home Loan Bank of Dallas Activates Disaster Relief Program for New Mexico Storms

Strategic Insights

— 1 min read

The Federal Home Loan Bank of Dallas has activated its Disaster Relief Program (DRP) in response to the damage caused by severe storms, flooding, and landslides in New Mexico. The program provides subsidized advances to members to assist individuals and families whose homes or businesses were damaged or destroyed by a federally declared disaster event. Currently, Dona Ana and Lincoln counties are eligible for assistance, with individuals and business owners located within a FEMA-declared disaster area able to apply for DRP funding through the Bank's member financial institutions.

Key Takeaways:

  • The Federal Home Loan Bank of Dallas has activated its Disaster Relief Program (DRP) in response to the damage caused by severe storms, flooding, and landslides in New Mexico.
  • The program provides subsidized advances to members to assist individuals and families whose homes or businesses were damaged or destroyed by a federally declared disaster event.
  • Funds are priced below the Bank's regular Community Investment Program rates.
  • Income eligibility limits are expanded to 165 percent of the area median income.
  • Advance terms range from three months to 40 years.
  • Eligible individuals and business owners must be located within a FEMA-declared disaster area and apply for DRP funding through the Bank's member financial institutions.
  • The DRP is available from September 12, 2025 through March 12, 2026.

Statistics:

  • The severe storms, flooding, and landslides in New Mexico occurred from June 23, 2025 through August 5, 2025.
  • Two counties, Dona Ana and Lincoln, are currently eligible for assistance through the DRP.
  • The DRP will provide subsidized advances to members to assist individuals and families whose homes or businesses were damaged or destroyed by a federally declared disaster event.
  • The advances will be available from September 12, 2025 through March 12, 2026.
  • The DRP terms include income eligibility limits expanded to 165 percent of the area median income.

Sources:

  • The Federal Home Loan Bank of Dallas's bulletin, "Relief Program for New Mexico Storms, Flooding and Landslides" (Bulletin No: 2025-26)
  • The Federal Emergency Management Agency (FEMA) website (https://www.fema.gov/)

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