Latest news with #FHLBDallasAffordableHousingProgram
Business Wire
23-05-2025
- Business
- Business Wire
Federal Home Loan Bank of Dallas and Southwest Capital Bank Award $220K to Special Needs Affordable Housing Development
SOCORRO, New Mexico--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Southwest Capital Bank (Southwest Capital) attended a ribbon cutting ceremony yesterday for Vista de Socorro Apartments. Completion was made possible in part by a $220,000 Affordable Housing Program (AHP) grant through FHLB Dallas member Southwest Capital. Investing in affordable housing is a meaningful way to strengthen communities, create stability for residents and build a bright future for New Mexico families. Share Vista de Socorro Apartments is a 32-unit complex in Socorro, New Mexico, with one- and two-bedroom housing for low-income individuals and families. It has seven units reserved for people with disabilities. 'This project meets the pressing need for both affordable housing for at-risk populations and special needs residents,' said Anthony Ortiz, controller and senior vice president at Southwest Capital. 'We are so pleased to be a part of this project.' AHP funds assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for individuals. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area. 'Investing in affordable housing isn't just good business—it's a meaningful way to strengthen communities, create stability for residents and build a future for New Mexico families,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. In 2024, FHLB Dallas awarded nearly $100 million in AHP grants for 4,833 units that support housing affordability in its District, which includes Arkansas. This year, $149.5 million has been allocated for the AHP, homeownership grants and voluntary programs, such as home repair assistance for military veterans and small business loans. Learn more about the FHLB Dallas Affordable Housing Program. About Southwest Capital Bank Southwest Capital Bank is a family-owned community bank in New Mexico, specializing in commercial lending and known for its focus on building relationships and supporting local businesses and communities. Their focus is on community banking, particularly commercial lending, with a strong emphasis on building relationships. Southwest Capital Bank was founded in 1890 and are headquartered in Albuquerque, New Mexico. 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 $109.9 billion as of March 31, 2025, 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
20-05-2025
- Business
- Yahoo
$750K Affordable Housing Program Grant from FHLB Dallas and Texas Capital Helps Fund New Shelter for Homeless Houston Youth
Residents Will Have Access to Robust Support Services HOUSTON, May 20, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Capital joined Covenant House Texas (Covenant House), community partners and local leaders on Friday to celebrate the opening of Covenant House, a safe haven for youth aged 18-24. FHLB Dallas provided a $750,000 grant through its flagship Affordable Housing Program (AHP). The AHP grant, which FHLB Dallas awarded through Texas Capital, supported the expansion of residential housing in Houston, Texas, for 52 unaccompanied young men and women. The funds are critical to completing this project and reducing homelessness in Houston. Residential capacity will be doubled for young adults and households with children under 5 years old. 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. In 2024, FHLB Dallas awarded nearly $100 million in AHP and AHP homeownership grants for 4,833 units that support housing affordability in its District, which includes Texas. "Projects like this can be transformative to communities in many ways," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "We applaud Texas Capital for leveraging FHLB Dallas AHP grants to invest in its communities." Learn more about the FHLB Dallas Affordable Housing Program. About Texas Capital Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank ("TCB"). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit 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 $109.9 billion as of March 31, 2025, 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
$750K Affordable Housing Program Grant from FHLB Dallas and Texas Capital Helps Fund New Shelter for Homeless Houston Youth
Residents Will Have Access to Robust Support Services HOUSTON, May 20, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Capital joined Covenant House Texas (Covenant House), community partners and local leaders on Friday to celebrate the opening of Covenant House, a safe haven for youth aged 18-24. FHLB Dallas provided a $750,000 grant through its flagship Affordable Housing Program (AHP). The AHP grant, which FHLB Dallas awarded through Texas Capital, supported the expansion of residential housing in Houston, Texas, for 52 unaccompanied young men and women. The funds are critical to completing this project and reducing homelessness in Houston. Residential capacity will be doubled for young adults and households with children under 5 years old. 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. In 2024, FHLB Dallas awarded nearly $100 million in AHP and AHP homeownership grants for 4,833 units that support housing affordability in its District, which includes Texas. "Projects like this can be transformative to communities in many ways," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "We applaud Texas Capital for leveraging FHLB Dallas AHP grants to invest in its communities." Learn more about the FHLB Dallas Affordable Housing Program. About Texas Capital Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank ("TCB"). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit 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 $109.9 billion as of March 31, 2025, 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-05-2025
- Business
- Business Wire
$750K Affordable Housing Program Grant from FHLB Dallas and Texas Capital Helps Fund New Shelter for Homeless Houston Youth
HOUSTON--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Capital joined Covenant House Texas (Covenant House), community partners and local leaders on Friday to celebrate the opening of Covenant House, a safe haven for youth aged 18-24. FHLB Dallas provided a $750,000 grant through its flagship Affordable Housing Program (AHP). The AHP grant, which FHLB Dallas awarded through Texas Capital, supported the expansion of residential housing in Houston, Texas, for 52 unaccompanied young men and women. Residential capacity will be doubled for young adults and households with children under 5 years old. Share The funds are critical to completing this project and reducing homelessness in Houston. Residential capacity will be doubled for young adults and households with children under 5 years old. 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. In 2024, FHLB Dallas awarded nearly $100 million in AHP and AHP homeownership grants for 4,833 units that support housing affordability in its District, which includes Texas. 'Projects like this can be transformative to communities in many ways,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'We applaud Texas Capital for leveraging FHLB Dallas AHP grants to invest in its communities.' Learn more about the FHLB Dallas Affordable Housing Program. About Texas Capital Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank ('TCB'). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit 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 $109.9 billion as of March 31, 2025, 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
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
