CADENCE BANK

Banks Award $750K to Help Build Residential Facility for Recovery Program

Retrieved on: 
Wednesday, February 23, 2022
Other Philanthropy, Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Residential Building & Real Estate, Federal Home Loan Banks, Income, Workplace, Rehabilitation, CADE, Cadence Bank, Addiction, BancorpSouth, Trust, Man, Culture, AHP, Equal housing lender, Organization, NYSE, FDIC, Housing, Multimedia, SBA, Life, Neighbourly (community investment platform), Treasury, Congress, Respect, FHLB, Renewable energy, Bank, Other Philanthropy, Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Residential Building & Real Estate, Cadence Bank, the Federal Home Loan Bank of Dallas, CADENCE BANK, THE FEDERAL HOME LOAN BANK OF DALLAS

Renewal Ranch is a faith-based residential addiction recovery program for men ages 21 and older located on 116 acres near Conway, Arkansas.

Key Points: 
  • Renewal Ranch is a faith-based residential addiction recovery program for men ages 21 and older located on 116 acres near Conway, Arkansas.
  • We are very humbled and grateful to have received this $750,000 award allowing us to fight drug addiction in our community even harder.
  • We are thankful to partner with FHLB Dallas to help construct this facility for Conway-area men in need.
  • The subsidies will help create 2,113 new or rehabilitated housing units, including $1.5 million for 102 units in Arkansas.

Renewal Ranch Receives $750K from BancorpSouth and FHLB Dallas

Retrieved on: 
Thursday, January 20, 2022
Residential Building & Real Estate, Banking, Construction & Property, Professional Services, Health, Philanthropy, Other Philanthropy, Men, Mental Health, Consumer, Finance, Income, Cadence Bank, AHP, Treasury, Man, Rehabilitation, FDIC, SBA, NYSE, Neighbourly (community investment platform), Workplace, Federal Home Loan Banks, CADE, Housing, Culture, Program, Sexual abuse, Mitchell–Lama Housing Program, Equal housing lender, Congress, Multimedia, Respect, FHLB, Trust, BancorpSouth, Renewable energy, Drug, Bank, Central Arkansas, Cadence Bank, the Federal Home Loan Bank of Dallas, CADENCE BANK, THE FEDERAL HOME LOAN BANK OF DALLAS

BancorpSouth Bank, a division of Cadence Bank (NYSE: CADE), and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to Renewal Ranch to help build a $1.9 million residential facility on its campus.

Key Points: 
  • BancorpSouth Bank, a division of Cadence Bank (NYSE: CADE), and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to Renewal Ranch to help build a $1.9 million residential facility on its campus.
  • View the full release here: https://www.businesswire.com/news/home/20220120006001/en/
    BancorpSouth Bank and FHLB Dallas awarded a $750,000 Affordable Housing Program subsidy to Renewal Ranch to help build a $1.9 million residential facility on its campus.
  • We are honored to use the AHP funding to help Renewal Ranch expand its residential housing, Ms. Davis said.
  • Between 1990 and 2021, FHLB Dallas has awarded $344.6 million in AHP and Homeownership Set-Aside Programs and has assisted nearly 60,000 households.