Homebuyer Equity Leverage Partnership (HELP)

Homebuyer Equity Leverage Partnership (HELP)

Presented By: Paul Speckhals

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Community Investment

December 4, 2018

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Agenda

? 2019 Program Changes and Updates ? HELP Overview

? Eligible Uses ? Eligibility Requirements ? Disbursement Process & Required Documents ? Preparing a Successful Request: Pointers & Tips ? Question & Answer

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HELP Changes & Updates

? Funding Available January 2, 2019 ? HELP Allocation: $3,750,000 ? Member Cap: $187,500 ? Household Grant Amounts: $5,500/$8,500/$10,000 ? Sources & Uses Worksheet Eliminated ? Retention Mechanism (Deed Restriction) Change of Terms

Available HELP funding updated on FHLB Dallas website:

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HELP Changes & Updates

FHLB Dallas Disbursement Approval is now an automated email:

? Issued to member contact identified on HELP funding request

? Recipient should forward email to appropriate individual(s) at member institution for disbursement of funds

? "Reprint Advance Confirmation" option no longer available via SecureConnect

Disbursement Initiated for 18HP12345

loanofficerABC@

Loan Officer,

A disbursement has been initiated for project# 18HP12345 and will be deposited into your institution's DDA Account within the next 24 hours.

Reference# : 12345000000001 Product Name : HELP Grant Project/Homeowner Name : Happy Homebuyer Disbursement Amount : $8,500.00 Disbursement Date : 10/16/2018

Thanks,

Community Investment Department Federal Home Loan Bank of Dallas 800-362-2944

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