FHLB Dallas Awards AHP Grant to Assist Very Low-Income Homeowners in Rural East Texas...

FHLB Dallas Awards AHP Grant to Assist Very Low-Income Homeowners in Rural East
Texas Counties

DALLAS, July 14, 2009 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas
(FHLB Dallas) awarded a $500,000 Affordable Housing Program (AHP) grant to the
Center for Housing Resources to provide renovations and home repairs for very
low-income seniors living in rural East Texas communities. Funding was made
available through Guaranty Bank in Austin, Texas.

The funds will provide home repairs to raise the standard of living for very
low-income seniors residing in rural areas with populations less than 25,000.
Repairs include roofing, plumbing, electrical work, flooring, wall repair,
kitchen and bathroom remodeling, and accessibility renovations. The Center for
Housing Resources partnered with the East Texas Area Agency on Aging to qualify
applicants and provide a broad spectrum of services that they may need. The East
Texas Area Agency on Aging works with many nonprofit organizations, such as
Meals on Wheels, Medicare Assistance, and classroom and job training
specialists.

Echo Weir, Program Administrator of the Center for Housing Resources, said that
the East Texas Area Agency on Aging and FHLB Dallas have been continuous
partners of the Center for Housing Resources for many years. She said the
contributions and support from both organizations have allowed them to better
assist those in need.

"The people we assist are elderly and/or disabled, and because they do not have
the means to repair or renovate their home, many are forced into assisted or
alternative living facilities," said Ms. Weir. "We have assisted people that did
not have plumbing or running water, had structural problems in the walls and
under the roof, and complete lack of flooring. The grant funds are used to make
these repairs, as well as modifications to improve the homeowners' lifestyle.
The people we assist are good people, and it is an absolute pleasure working
with them."

The funding was made available through Guaranty Bank which, ironically, Ms. Weir
said she had partnered with 10 years ago to receive the first AHP grant for the
Center for Housing. Carla Carroll, CRA Investment Manager, assisted with both
grants and emphasized the importance of the organization's mission.

"At Guaranty Bank we are committed to the communities where we live and work,"
said Ms. Carroll. "It is important that we participate in the FHLB Affordable
Housing Program in order to help our neighbors obtain homeownership and to be
able to live in affordable, decent housing. The Center for Housing Resources
East Texas Home Repair project allows the elderly and disabled to be able to
live in their homes that are safe and functional."

Ms. Weir said representatives of the Center for Housing Resources visit senior
community centers in areas that are not well-served to conduct seminars and
question-and-answer sessions to raise awareness about their program. She also
said they contact local TV and radio stations to publicize the event. Including
this year's grant, the Center for Housing Resources has received about $2.1
million in AHP grants from FHLB Dallas to assist in its efforts. With the 2009
grant, the group hopes to serve more than 75 applicants and provide quality
repairs for senior citizens in the most need.

Each year, FHLB Dallas returns 10 percent of its profits in the form of AHP
grants issued by its member financial institutions. So far in 2009, FHLB Dallas
has awarded $5.4 million in AHP grants to 25 affordable housing projects through
its five-state District, including almost $1.2 million in Texas, which will
result in the creation or renovation of 178 affordable housing units in the
state.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank
System created by Congress in 1932. FHLB Dallas, with total assets of $68.7
billion as of March 31, 2009, is a member-owned cooperative that supports
housing and community development by providing competitively priced loans and
other credit products to more than 900 members and associated institutions in
Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information,
visit the FHLB Dallas web site at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3013

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CONTACT: Federal Home Loan Bank of Dallas
Corporate Communications
(214) 441-8445
www.fhlb.com