Latest news with #GregHettrick
Yahoo
4 days ago
- Business
- Yahoo
Federal Home Loan Bank of Dallas and Wells Fargo Celebrate Grand Opening of Affordable Apartments
Rio Rancho, New Mexico, Senior Housing Development Received a $750K FHLB Dallas Grant RIO RANCHO, N.M., June 05, 2025--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), Wells Fargo Bank (Wells Fargo) and local dignitaries joined CC Housing, a subsidiary of Catholic Charities, on June 3 at the grand opening of Felician Villa Apartments I and II, a senior housing complex in Rio Rancho, New Mexico. FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to assist with construction. The 132-unit Felician Villa Apartments offer one- and two-bedroom units for people who are 55 and older. Amenities are designed to enhance residents' quality of life, with elevators, health and nutrition education, social activities and an on-site service coordinator. The development is located near shopping centers and medical facilities. "We are pleased to have been involved in this project, creating a wonderfully accessible community for people as they age," said Patty Parina, vice president and relationship manager in Wells Fargo's Community Lending and Investment group. AHP funds 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. "Affordable housing for seniors is a long-term investment for Rio Rancho and allows older adults to live in a vibrant, service-adjacent community," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "We value Wells Fargo's participation in our affordable housing initiatives in New Mexico." 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. FHLB Dallas will announce 2025 grant awardees this fall. Learn more about the FHLB Dallas Affordable Housing Program. 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 Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Federal Home Loan Bank of Dallas and Wells Fargo Celebrate Grand Opening of Affordable Apartments
RIO RANCHO, N.M.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), Wells Fargo Bank (Wells Fargo) and local dignitaries joined CC Housing, a subsidiary of Catholic Charities, on June 3 at the grand opening of Felician Villa Apartments I and II, a senior housing complex in Rio Rancho, New Mexico. FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to assist with construction. The 132-unit Felician Villa Apartments offer one- and two-bedroom units for people who are 55 and older. Amenities are designed to enhance residents' quality of life, with elevators, health and nutrition education, social activities and an on-site service coordinator. The development is located near shopping centers and medical facilities. 'We are pleased to have been involved in this project, creating a wonderfully accessible community for people as they age,' said Patty Parina, vice president and relationship manager in Wells Fargo's Community Lending and Investment group. AHP funds 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. 'Affordable housing for seniors is a long-term investment for Rio Rancho and allows older adults to live in a vibrant, service-adjacent community,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'We value Wells Fargo's participation in our affordable housing initiatives in New Mexico.' 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. FHLB Dallas will announce 2025 grant awardees this fall. Learn more about the FHLB Dallas Affordable Housing Program. 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
02-06-2025
- Business
- Business Wire
FHLB Dallas and The First National Bank of McGregor Award
WACO, Texas--(BUSINESS WIRE)--With a new roof over her head, Mary Hamilton can once again relax in her home of 50 years. 'It's rewarding to see this program in action,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'These funds have a direct impact on homeowners' comfort, safety and sense of well-being.' Share She received a $12,000 Special Needs Assistance Program (SNAP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through FHLB Dallas member The First National Bank of McGregor (TFNB), to replace the roof on her home. Awarded through FHLB Dallas member institutions, SNAP provides grants for the repair and rehabilitation of owner-occupied housing of eligible, special-needs individuals such as elderly and disabled homeowners. 'I'm so happy to have a new roof,' Ms. Hamilton said. 'There's no way I would've been able to afford it without this grant.' Ms. Hamilton has osteoarthritis and has trouble walking. She lives in her Waco, Texas, home with her son and grandson. Now retired, the former accountant worked at a large retailer in various roles for 24 years. She discovered the SNAP program through Waco Habitat of Humanity. TFNB partners with Habitat for Humanity to identify residents who need major repairs. 'We are so pleased to be a part of this program,' said Jason Lavender, executive vice president at TFNB. 'So many homeowners have major repairs that they just can't afford. That's where SNAP comes in.' FHLB Dallas set aside $2 million of its 2025 Affordable Housing Program funds for SNAP. 'It's rewarding to see this program in action,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'These funds have a direct impact on homeowners' comfort, safety and sense of well-being.' More than $28 million in funds has been awarded to households in FHLB Dallas' District of Arkansas, New Mexico, Mississippi, Louisiana and Texas since the creation of the SNAP in 2009. 'I'm so pleased and happy and blessed,' said Ms. Hamilton. 'It's pretty awesome that people do these kinds of things.' Learn more about the SNAP. For 136 years, TFNB has been more than a bank—we've been a trusted neighbor, a steadfast partner, and a pillar of the Central Texas community. Founded in 1889 as The First National Bank of McGregor, we are the oldest bank in McLennan County and the seventh oldest national bank in Texas still operating under its original charter. But our story isn't just about longevity; it's about the relationships we've built and the communities we continue to serve. 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
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
