The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the reelection of Felipe Rael to the FHLB Dallas Board of Directors (Board), filling a public interest independent director seat. His four-year term begins January 1, 2024, and concludes December 31, 2027.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129409350/en/

Felipe Rael, Executive Director of the Greater Albuquerque Housing Authority, will begin his four-year term on the FHLB Dallas Board starting January 1, 2024. (Photo: Business Wire)

Mr. Rael brings more than 20 years of housing industry experience to the Board.

“Seeing how much FHLB Dallas programs benefit homeowners, renters and small business owners is inspiring,” he said. “The impact of these investments in our communities is why I am honored to continue to serve on the FHLB Dallas Board of Directors.”

Mr. Rael serves as the executive director of the Greater Albuquerque Housing Partnership (GAHP), a nonprofit affordable housing developer of multifamily rental and owner-occupied homes for first-time homebuyers in New Mexico. Prior to joining GAHP, Mr. Rael served as director of housing development for the New Mexico Mortgage Finance Authority.

“Mr. Rael’s extensive affordable housing finance experience has been a perfect fit for the Board,” said FHLB Dallas President and CEO Sanjay Bhasin. “We look forward to continuing our working relationship.”

Mr. Rael currently serves on the Board’s Affordable Housing and Economic Development Committee, Compensation and Human Resources Committee and Risk Management Committee.

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 $147.6 billion as of September 30, 2023, 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 our website at fhlb.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231129409350/en/