Dallas, Texas, January 16, 2026
Dan Foster has been appointed to the Affordable Housing Advisory Council of the Federal Home Loan Bank of Dallas, effective January 1, 2026. With over 20 years of experience in housing and community development, Foster is set to contribute significant expertise from his role at Chelsea Investment Corp. His appointment will enhance the council’s efforts in advancing affordable housing solutions across Texas and its neighboring states.
Dallas, Texas – The Federal Home Loan Bank of Dallas (FHLB Dallas) has welcomed Dan Foster to its Affordable Housing Advisory Council, effective January 1, 2026. Foster, who serves as the senior development manager at Chelsea Investment Corp. in Albuquerque, brings over 20 years of experience in housing and community development to this vital role. His appointment marks a significant step in advancing affordable housing solutions and economic development initiatives across the five-state district that includes Texas.
Foster’s extensive background encompasses diverse roles in nonprofit organizations, state housing finance agencies, public housing authorities, and for-profit development organizations. His proven expertise in the sector will contribute to the Advisory Council’s efforts in providing strategic guidance on affordable housing and economic development issues to the FHLB Dallas Board of Directors.
Appointment Details
Foster is set to serve a three-year term on the Advisory Council, which consists of 14 members selected from various state, community, and nonprofit organizations across Arkansas, Louisiana, Mississippi, New Mexico, and Texas. This council plays an essential role in advising on crucial affordable housing matters, promoting collaboration among various stakeholders, and enhancing resources for local communities.
Foster’s Background
Foster’s journey in housing and community development includes significant achievements at Chelsea Investment Corp., where he leads affordable housing development efforts in New Mexico. Among his recent accomplishments are the successful completion of two projects in Rio Rancho—Felicia Villa I and II—which received funding from the FHLB Dallas Affordable Housing Program. His previous experience includes serving as Housing Development Director for the Albuquerque Housing Authority, where he established the agency’s Housing Development Department and played a pivotal role in fostering sustainable housing opportunities.
The Significance of the Advisory Council
The Affordable Housing Advisory Council is crucial in shaping policy and providing insights into affordable housing developments in the FHLB Dallas’ five-state district. The council’s composition reflects a wide range of community perspectives and expertise, underpinning the commitment to addressing the pressing housing needs of local populations.
About FHLB Dallas
Established in 1932, FHLB Dallas operates as one of 11 district banks in the Federal Home Loan Bank System. With total assets amounting to $112.2 billion as of September 30, 2025, FHLB Dallas offers competitively priced loans and credit products to nearly 800 members throughout Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Their continued support for housing and community development initiatives underscores the economic growth potential present in these regions.
Conclusion
Dan Foster’s appointment to the FHLB Dallas Affordable Housing Advisory Council reflects a growing commitment to addressing affordable housing challenges in Texas and beyond. As the community continues to evolve, the collaborative efforts of local leaders like Foster will be instrumental in fostering an environment ripe for innovation, investment, and sustained economic development. Residents and stakeholders are encouraged to stay engaged and support local initiatives that drive progress in Dallas and its neighboring communities.
Frequently Asked Questions
- What is the Affordable Housing Advisory Council?
- The Affordable Housing Advisory Council is a 14-member group that advises the FHLB Dallas Board of Directors on affordable housing and economic development issues throughout its five-state district, including Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
- Who is Dan Foster?
- Dan Foster is the senior development manager at Chelsea Investment Corp. in Albuquerque, New Mexico. With over 20 years of experience in housing and community development, he has held roles in nonprofit organizations, state housing finance agencies, public housing authorities, and for-profit development organizations. At Chelsea Investment Corp., he leads affordable housing development efforts in New Mexico and recently oversaw the completion of two projects in Rio Rancho—Felicia Villa I and II—that received FHLB Dallas Affordable Housing Program funding.
- What is the role of FHLB Dallas?
- Established in 1932, FHLB Dallas is one of 11 district banks in the Federal Home Loan Bank System. With total assets of $112.2 billion as of September 30, 2025, FHLB Dallas supports housing and community development through competitively priced loans and credit products to approximately 800 members in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
| Feature | Description |
|---|---|
| Appointment | Dan Foster appointed to FHLB Dallas’ Affordable Housing Advisory Council for a three-year term starting January 1, 2026. |
| Foster’s Background | Over 20 years in housing and community development, with roles in nonprofit organizations, state housing finance agencies, public housing authorities, and for-profit development organizations. Led affordable housing development efforts in New Mexico, including projects in Rio Rancho. |
| FHLB Dallas | Established in 1932, FHLB Dallas supports housing and community development through competitively priced loans and credit products to approximately 800 members in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Total assets of $112.2 billion as of September 30, 2025. |
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