the Federal Home Loan Bank of Dallas

Hancock Resource Center Receives $400K to Rehab 40 Homes

Retrieved on: 
Monday, May 17, 2021
Construction & Property, Banking, Professional services, Philanthropy, Fund Raising, Other Philanthropy, Foundation, Other Construction & Property, Residential Building & Real Estate, Economy of New York City, NASDAQ, Finance, The First Bancshares Inc., the Federal Home Loan Bank of Dallas, THE FIRST BANCSHARES INC., THE FEDERAL HOME LOAN BANK OF DALLAS

\xe2\x80\x9cThe AHP allows us to fund repairs in our community to help improve safety and appearance for those folks who can\xe2\x80\x99t afford them.

Key Points: 
  • \xe2\x80\x9cThe AHP allows us to fund repairs in our community to help improve safety and appearance for those folks who can\xe2\x80\x99t afford them.
  • The subsidies will help create 2,749 new or rehabilitated housing units.
  • The company\xe2\x80\x99s stock is traded on Nasdaq Global Market under the symbol FBMS.
  • For more information, visit our website at fhlb.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210517005805/en/\n'

$97.7K Subsidy to Fund Home Improvements for 10 Natchez Homeowners

Retrieved on: 
Tuesday, April 13, 2021
Banking, Professional services, Finance, Financial services, Bank, Economic history of Italy, Economy, Home Bank, N.A., the Federal Home Loan Bank of Dallas

With 40 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of our communities.

Key Points: 
  • With 40 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of our communities.
  • Personal banking has always been Home Bank\xe2\x80\x99s trademark and that tradition continues as we grow, invest and serve our clients and community.
  • We live our values each day, focusing on integrity, innovation and a commitment to serving others.
  • For more information, visit our website at fhlb.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210413006023/en/\n"

Foundation Communities Receives $1.5M to Build Austin Apartments

Retrieved on: 
Thursday, April 8, 2021
Other Philanthropy, Construction & Property, Banking, Professional services, Philanthropy, Fund Raising, Foundation, Residential Building & Real Estate, Austin, Texas, Affordable housing, Articles, Cities in the United States, Economic geography, Housing in the United States, Housing in Canada, Public housing, Wells Fargo, the Federal Home Loan Bank of Dallas

Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $1.5 million in Affordable Housing Program (AHP) subsidies to Foundation Communities for two Austin apartment complexes serving low-income individuals and families.

Key Points: 
  • Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $1.5 million in Affordable Housing Program (AHP) subsidies to Foundation Communities for two Austin apartment complexes serving low-income individuals and families.
  • View the full release here: https://www.businesswire.com/news/home/20210408005916/en/
    The $25 million Zilker Studios apartments will provide 100 rental units to single adults with high needs, low incomes and housing instability in central Austin.
  • (Photo: Business Wire)
    The $25 million Zilker Studios apartments (formerly Armadillo Studios) will provide 100 rental units to single adults with high needs, low incomes and housing instability in central Austin while The Loretta, a $31 million project, will offer 137 units to low-income families and individuals in far north Austin.
  • AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.

Nearly $2.6 Million Disbursed for Affordable Housing Projects

Retrieved on: 
Wednesday, March 31, 2021
Residential Building & Real Estate, Construction & Property, Finance, Banking, Other Consumer, Professional services, Women, Philanthropy, MEN, Fund Raising, Urban planning, Foundation, Family, Other Philanthropy, Consumer, Other Construction & Property, Social programs, Affordable housing, Federal Home Loan Banks, Mortgage industry of the United States, Articles, Public housing, Regional science, Economy, Home Bank, N.A., the Federal Home Loan Bank of Dallas

Brandon Kelly, Home Bank vice president and Community Development director, said the number of organizations providing affordable housing in Louisiana was admirable.

Key Points: 
  • Brandon Kelly, Home Bank vice president and Community Development director, said the number of organizations providing affordable housing in Louisiana was admirable.
  • Home Bank acknowledges that affordable housing for Louisiana residents is essential, and the pandemic has really brought that to light, Mr. Kelly said.
  • In 2020, FHLB Dallas awarded $19.3 million in subsidies to 38 affordable housing projects.
  • Included in that total is $4.6 million in subsidies for 764 units of housing in Louisiana.

Community Students Learning Center Receives $596K to Rehab Housing

Retrieved on: 
Wednesday, March 31, 2021
Residential Building & Real Estate, Construction & Property, Finance, Banking, Other Consumer, Professional services, Philanthropy, Women, Teens, MEN, Fund Raising, Family, Other Philanthropy, Consumer, Other Construction & Property, BankPlus, the Federal Home Loan Bank of Dallas

BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $596,160 Affordable Housing Program (AHP) subsidy to Community Students Learning Center (CSLC) to rehabilitate 60 homes for low-income, special-needs homeowners.

Key Points: 
  • BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $596,160 Affordable Housing Program (AHP) subsidy to Community Students Learning Center (CSLC) to rehabilitate 60 homes for low-income, special-needs homeowners.
  • With the help of the Affordable Housing Program subsidy, we are able to provide a program that is very much-needed in the community, at no cost.
  • BankPlus is excited to partner with the Federal Home Loan Bank of Dallas and work with Community Students Learning Center to carry out its mission.
  • We are honored to partner with BankPlus to help Community Students Learning Center achieve its project goals.

Laurel Housing Authority Receives $750K for Affordable Housing Complex

Retrieved on: 
Wednesday, March 17, 2021
Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Urban planning, Banking, Affordable housing, Federal Home Loan Banks, Mortgage industry of the United States, Regional science, Articles, Economic geography, Zoning, Hope Federal Credit Union, the Federal Home Loan Bank of Dallas

Hope Federal Credit Union (HOPE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Laurel Housing Authority (LHA) to tear down and rebuild an affordable housing apartment complex in Laurel, Mississippi.

Key Points: 
  • Hope Federal Credit Union (HOPE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Laurel Housing Authority (LHA) to tear down and rebuild an affordable housing apartment complex in Laurel, Mississippi.
  • View the full release here: https://www.businesswire.com/news/home/20210317005837/en/
    Hope Federal Credit Union and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to Laurel Housing Authority to tear down and rebuild an affordable housing apartment complex in Laurel, Mississippi.
  • HOPEs success in providing affordable housing is directly related to strong partnerships in this case, a highly qualified and seasoned developer and an equally successful local housing authority, said Mr. Eide.
  • HOPE appreciates the ongoing commitment to creating and preserving affordable housing and is proud to be associated with this development.

Lake Charles Organization Receives $750K to Rehabilitate Three Properties

Retrieved on: 
Friday, March 12, 2021
Banking, Urban planning, MEN, Fund Raising, Professional services, Foundation, Philanthropy, Family, Consumer, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Consumer, Women, Seniors, Finance, Home Federal Bank, the Federal Home Loan Bank of Dallas

These upgrades will improve the quality of life for residents of the neighborhood and also meet federal accessibility guidelines, said Ben Taylor, Lake Charles Non-Profit Housing Development executive director.

Key Points: 
  • These upgrades will improve the quality of life for residents of the neighborhood and also meet federal accessibility guidelines, said Ben Taylor, Lake Charles Non-Profit Housing Development executive director.
  • The revitalization plan includes a food truck court and neighborhood garden, said K. Matthew Sawrie, Home Federal Bank senior vice president.
  • It will add gathering places for residents and develop a positive image for the community.
  • AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.

Banks Provide $750K Subsidy to Build 76 Homes for Homeless Individuals

Retrieved on: 
Monday, March 8, 2021
MEN, Architecture, Philanthropy, Consumer, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban planning, Women, Landscape, Religion, Other Philanthropy, Homelessness, Housing, Homelessness in the United States, Residential buildings, Frost Bank, the Federal Home Loan Bank of Dallas

Village expand to build 76 more affordable homes for people coming out of chronic homelessness situations.

Key Points: 
  • Village expand to build 76 more affordable homes for people coming out of chronic homelessness situations.
  • (Photo: Business Wire)
    Mobile Loaves & Fishes started more than 20 years ago as an outreach ministry to Austins homeless population.
  • It soon expanded to include housing, and now serves more than 200 formerly homeless individuals through its innovative Community First!
  • Village will provide 310 homes, seven outdoor community kitchen buildings, and seven laundry, restroom and shower facilities.

Community Development Center Receives $170K for Rental Rehab

Retrieved on: 
Monday, February 22, 2021
Other Professional Services, Construction & Property, Finance, Banking, Professional services, Urban planning, Other Construction & Property, Residential Building & Real Estate, Southern Bancorp, Federal Home Loan Banks, Articles, Economy, Affordable housing, Southern Bancorp, Inc., the Federal Home Loan Bank of Dallas

Besides providing affordable rental housing, BGACDC also provides social, economic, recreational and educational services for low- to moderate-income African-American residents via its community center and related initiatives.

Key Points: 
  • Besides providing affordable rental housing, BGACDC also provides social, economic, recreational and educational services for low- to moderate-income African-American residents via its community center and related initiatives.
  • The $250,000 rental rehabilitation project includes restructuring existing debt and putting rehabilitated units back on the tax rolls.
  • FHLB Dallas is honored to partner with Southern Bancorp Bank to provide affordable housing opportunities in the Marvell community.
  • Southern Bancorp is a certified Community Financial Development Institution, certified B-Corp, and proud member of the Global Alliance for Banking on Values.

Fort Hood Area Habitat for Humanity to Use $200K for Homeowner Repairs

Retrieved on: 
Monday, February 22, 2021
Banking, Urban planning, MEN, Fund Raising, Professional services, Foundation, Philanthropy, Family, Architecture, Consumer, Residential Building & Real Estate, Construction & Property, Other Philanthropy, Other Consumer, Environment, Women, Finance, Mortgage industry of the United States, Affordable housing, Habitat for Humanity, Sumter County, Georgia, Federal Home Loan Banks, Homelessness, Housing, Residential buildings, Home, Extraco Banks, the Federal Home Loan Bank of Dallas

Extraco Banks and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $200,000 Affordable Housing Program (AHP) subsidy to Fort Hood Area Habitat for Humanity (FHA Habitat) for critical home repairs and renovations.

Key Points: 
  • Extraco Banks and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $200,000 Affordable Housing Program (AHP) subsidy to Fort Hood Area Habitat for Humanity (FHA Habitat) for critical home repairs and renovations.
  • AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
  • AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.
  • We respect FHA Habitats focus on stability and self-reliance of homeowners in the region it serves, said Cinthia Hernandez, mortgage operations manager at Extraco Banks.