Federal Home Loan Bank of Dallas and TexasBank Award $25K Grant to Texas Nonprofit
Funds Will Be Used to Educate the Tarrant County Community About Heirs' Property Issues
FORT WORTH, Texas, February 21, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member TexasBank, awarded a $25,000 Heirs' Property Program grant to Opening Doors for Women in Need (ODWIN) in Fort Worth, Texas this week. The funds will be used to educate women in Tarrant County about heirs' property issues.
"I've seen neighbors lose their property because of a lack of information about how probate works," said Dr. Sandra Stanley, founder and CEO at ODWIN. "These women have very few resources. Our goal is to help them retain ownership of their homes."
ODWIN often works with women who have been recently incarcerated and helps women overcome obstacles and barriers they face when released from prison.
Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically 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 homes as time passes.
"At TexasBank, our commitment to community drives everything we do. Homeownership is a cornerstone of financial stability, and the Heirs' Property Program helps protect that foundation," said Greg Dodds, President and CEO of TexasBank. "We are proud to support this initiative and remain dedicated to fostering economic growth and generational wealth for families across Texas."
In 2024, FHLB Dallas and 20 participating members awarded $2 million in Heirs' Property Program grants to 33 organizations in its five-state District. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues.
"We've seen a surge of interest from organizations like ODWIN in the program since its inception in mid-2023," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "We've increased our offering from $1 million in 2023 to $2 million in 2024 and $3 million in 2025."
Learn more about the FHLB Dallas Heirs' Property Program.
About TexasBank
TexasBank is a full-service community bank. It operates throughout West and Central Texas including Brown, Comanche, Erath and Eastland counties and the cities of Austin, Dallas, El Paso, Fort Worth and Weatherford. Our mission is to profitably deliver high quality customer service by investing in our communities, meeting the financial needs of our customers, fostering the development of a motivated and dedicated staff and delivering superior results to our shareholders.
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 $129.4 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250221692527/en/
Contacts
Corporate CommunicationsFederal Home Loan Bank of Dallasfhlb.com, (214) 441-8445
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