Disaster Rebuilding Assistance (DRA)

For Families Affected by Flooding and Wildfires in New Mexico

The Federal Home Loan Bank of Dallas (FHLB) has a $4 million grant program available to help households affected by the floods and wildfires. The program starts on January 2, 2025, and funds will be given out on a first-come, first-served basis. Up to $15,000 per household will be available to cover building rehabilitation.
The $4 million grant monies will be made available in two funding rounds of $2 million each on January 2 and September I, 2025.

Requirements

• The combined household income is at or below 80% of the median income for your area
• The affected home is owner-occupied primary residence
• Applicants must have owned the property for at least 30 days prior to the disaster
• The property must be in an area designated for individual assistance by Federal Emergency Management Agency (FEMA) no earlier than January I, 2019.
• Inspections of the property must be completed both before and after damage is remedied, but can be covered from DRA grant funds.

To begin the application process contact our lenders at our Roswell Main Branch:

Omarr Mendoza at 575.624.4212 or Ryon Groesbeck at 575.624.4228