Latest news with #BruceHatton
Business Wire
28-04-2025
- Business
- Business Wire
$750K Affordable Housing Program Grant from FHLB Dallas and Wells Fargo Powers Major Revitalization of San Antonio Apartment Complex
SAN ANTONIO--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Wells Fargo joined PROSPERA, community partners and local leaders to celebrate the opening of Arbors at West Avenue, taking 150 affordable apartments through a deep rehabilitation, and demolishing and rebuilding 84 apartments, to ultimately create and preserve 234 highly equipped apartments in the Dell View neighborhood of San Antonio, Texas. FHLB Dallas provided a $750,000 grant through its flagship Affordable Housing Program (AHP). The funding supported a comprehensive renovation effort that modernized critical infrastructure and enhanced overall living conditions. 'This project is a testament to what's possible when mission-driven organizations come together to make a difference,' said Bruce Hatton, vice president and community marketing and outreach manager at FHLB Dallas. Share 'This renovation is about more than construction — it's about providing high-quality affordable housing with support services to the families who live here,' said Jacque Woodring, executive director and chief executive officer of PROSPERA. 'We're proud to lead this effort and are grateful for the partnerships and support that makes meaningful change possible for our residents.' Arbors at West Avenue received the $750,000 AHP grant through FHLB Dallas member Wells Fargo. 'We're proud to support PROSPERA's efforts to create safer, more livable homes for families in San Antonio,' said Patty Parina, vice president, relationship manager, at Wells Fargo. 'This project reflects our commitment to strengthening communities and advancing housing equity where it's most needed.' AHP grants assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area. 'This project is a testament to what's possible when mission-driven organizations come together to make a difference,' said Bruce Hatton, vice president and community marketing and outreach manager at FHLB Dallas. 'We thank Wells Fargo and PROSPERA for their unwavering commitment to this project that reflects our shared dedication to improving lives through meaningful community investment.' In 2024, FHLB Dallas awarded $78.9 million in AHP General Fund grants to 41 affordable housing projects. The grants will help create 3,571 new or rehabilitated housing units. Learn more about the FHLB Dallas Affordable Housing Program. 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 $127.7 billion as of December 31, 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
Yahoo
04-04-2025
- Business
- Yahoo
FHLB Dallas Recognizes Hope Credit Union and Hope Enterprise Corp. for Community Investment
DALLAS, April 04, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) is excited to announce its 2025 Community Area Revitalization Efforts (CARE) Award recipient. Collectively, Hope Credit Union and Hope Enterprise Corporation. (HOPE) were honored today with the award, which recognizes a member financial institution for its commitment to community investment. Each year, FHLB Dallas recognizes a member or members that support affordable housing and other community investment programs using FHLB Dallas grants and advances (loans). The honor includes a $15,000 donation from FHLB Dallas toward a nonprofit or nonprofits of the member's choice. HOPE was honored for its consistent use of the Special Needs Assistance Program (SNAP), which funds critical home repairs and upgrades for low-income homeowners with special needs, such as elderly or disabled homeowners. It was also honored for its use of the Homebuyer Equity Leverage Partnership (HELP), which provides down payment and closing cost assistance to first-time homebuyers and the Affordable Housing Program, FHLB Dallas' signature grant program for the construction and rehabilitation of affordable housing. "Being honored by FHLB Dallas and recognized as the 2025 CARE Award recipient is a testament to the resilience of our members and the under-resourced Deep South communities we serve." said HOPE CEO Bill Bynum. Experience the full story in this video about how HOPE has impacted its communities using FHLB Dallas programs. "HOPE's impact on affordable housing and community investment in some of this nation's poorest towns and cities is remarkable," said Bruce Hatton, community marketing and outreach manager for the Community Investment department at FHLB Dallas. "We congratulate HOPE and look forward to more great things from them." 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 $127.7 billion as of December 31, 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 our website at About HOPE HOPE (Hope Enterprise Corporation, Hope Credit Union, and Hope Policy Institute) provides financial services, leverages resources, and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee and influenced billions in investments in persistent poverty communities nationwide. Learn more at View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of 214.441.8445 Sign in to access your portfolio
Associated Press
28-01-2025
- Business
- Associated Press
Media Advisory: FHLB Dallas and Woodforest National Bank Award $100K Grant to Mexican American Unity Council
SAN ANTONIO--(BUSINESS WIRE)--Jan 28, 2025-- Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Woodforest National Bank ® will award $100,000 in Heirs' Property Program grants to the Mexican American Unity Council (MAUC) during a ceremonial check presentation on Tuesday, January 28. Funds will be used to assist families with legal fees for title issues and ensure that vulnerable communities are protected from displacement. The media is encouraged to attend the check presentation, which will include representatives from the banks and MAUC. Learn more about the FHLB Dallas Heirs' Property Program. WHEN: 3:30 p.m., Tuesday, January 28, 2025 WHERE: Mexican American Unity Council Mexican American Unity Council 2300 W. Commerce Street #200 San Antonio, Texas 78207 Parking is available onsite. ATTENDEES: Greg Hettrick, FHLB Dallas Bruce Hatton, FHLB Dallas Fernando Godinez, Mexican American Unity Council Daniel Galindo, Woodforest National Bank Jesus Cisneros, Woodforest National Bank Cecilia Castelo, Woodforest National Bank View source version on Federal Home Loan Bank of Dallas SOURCE: Federal Home Loan Bank of Dallas PUB: 01/28/2025 06:17 AM/DISC: 01/28/2025 06:17 AM
