Latest news with #VolunteersofAmericaNationalServices
Business Wire
25-06-2025
- Business
- Business Wire
DHA, Housing Solutions for North Texas and Volunteers of America National Services Break Ground on The Culbreath Senior Living Community in South Dallas
DALLAS--(BUSINESS WIRE)-- DHA, Housing Solutions for North Texas (DHA) and its development partner Volunteers of America National Services (VOANS) held the groundbreaking ceremony for a new senior housing development in South Dallas on June 24, 2025. The 268,000 square foot project will provide 364 new affordable housing units for seniors in Dallas who are age 62 and older. The senior living community is located at 2770 Bethurum Avenue in the Bonton neighborhood. The project is named after DHA Board Chair Betty Culbreath, an affordable housing advocate and longtime community leader. The Culbreath represents a $96.7 million public/private partnership between VOANS and DHA. The mixed-finance property will feature 270 one-bedroom and 94 two-bedroom units specifically designed for seniors age 62 and older. More than half (54%) of units will provide subsidies for residents below 50% of area median income (AMI). The project has an estimated 26-month construction period and is anticipated to open in summer 2027. The development will include a fully furnished clubhouse featuring a fitness room, business center, multipurpose room, library, and game room. Additional amenities include two dog parks, a swimming pool, pickle ball court, and bocce ball court. 'We are excited to have broken ground on this important affordable housing community for Dallas seniors," said Troy Broussard, president and chief executive officer for DHA. 'The number of seniors living in Dallas is expected to triple by 2050, so developing more affordable housing options for our low-income seniors is an important investment. We are proud to work with VOANS, and several other partners on developing this community designed for an active senior population.' This project is a significant undertaking. DHA and VOANS would like to thank the many partners involved in bringing the project to fruition including: Amegy Bank Comerica Bank Dallas Housing Opportunity Fund Freddie Mac Humphreys & Partners Architects, L.P. Lument National Equity Fund Spring Valley Construction Company Texas Department of Housing and Community Affairs 'Today marks a significant milestone in our commitment to addressing the critical need for quality, affordable housing for seniors in Dallas,' said Deborah Welchel, vice president of development for VOANS. 'We're not just building apartments — we're creating a vibrant community where seniors can age with dignity and independence while remaining connected to the neighborhood they love.' About Volunteers of America National Services Volunteers of America National Services (VOANS), a subsidiary of Volunteers of America, provides affordable housing and healthcare services in over 40 states and in Puerto Rico. The organization employs over 2,000 dedicated staff who provide high quality services and care to our clients. As one of the largest non-profit affordable housing owners/operators in the nation, the VOANS portfolio includes over 240 properties and 15,000 affordable housing units. VOANS also operates senior healthcare programs,including independent living, assisted living, memory care, home health care, adult day care and Programs for all Inclusive Care for the Elderly (PACE). Learn more at About Volunteers of America Volunteers of America is one of the nation's largest, established comprehensive human services organizations with 16,000 mission-driven professionals, dedicated to helping those in need rebuild their lives and reach their full potential. Founded in 1896, the faith-based nonprofit has programs in 46 states, the District of Columbia, and Puerto Rico, serving more than 1.5 million people a year. Learn more at About DHA, Housing Solutions for North Texas (a/k/a The Housing Authority of the City of Dallas, Texas or DHA) DHA, Housing Solutions for North Texas, provides quality, affordable housing to low-income families and individuals through the effective and efficient administration of housing assistance programs. The Agency aims to create opportunities for program participants to achieve self-sufficiency and economic independence. DHA provides housing opportunities to ~55,700 people through public housing developments and Housing Choice Voucher (Section 8) programs. DHA's mission is to provide affordable, quality housing and access to supportive resources across North Texas. The agency is governed by its Board of Commissioners and administers housing programs funded and regulated by the U.S. Department of Housing and Urban Development. DHA is an independent, local government entity not affiliated with the City of Dallas Housing/Community Services department, which is governed by the City of Dallas. For more information about DHA, please visit:
Yahoo
24-06-2025
- Business
- Yahoo
FHLB Dallas and Comerica Celebrate Groundbreaking of New Senior Housing Project Supported by $2M Affordable Housing Program Grant
The Culbreath Will Focus on Seniors Aged 62 and Above DALLAS, June 24, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) joined Comerica Bank, Volunteers of America National Services and local dignitaries to break ground on a new senior housing project in Dallas, Texas, supported by a $2 million FHLB Dallas Affordable Housing Program (AHP) grant. The groundbreaking ceremony marks the start of construction on The Culbreath, a mixed-income affordable housing community, which will provide high-quality amenities and supportive services for elderly residents. The Culbreath is part of a massive revitalization of the Bonton neighborhood that surrounds the property. The Culbreath has a total of 364 units, with 90 percent of the units reserved for those at 60 percent of the median family income or below. "This development is a strategic investment in long-term housing stability for seniors," said Deborah Welchel, vice president of Real Estate Development in Texas at Volunteers of America National Services. "Today's groundbreaking was made possible by strong partnerships and a shared commitment with DHA Housing Solutions for North Texas to preserving affordability in high-need communities." The Culbreath will feature a swimming pool, a fully furnished clubhouse, fitness center, business center and staff offices, including an onsite Resident Coordinator, who will design programs and services to meet the needs of the community. "The success of projects like The Culbreath goes beyond the construction of the development—it is about creating stable, safe and affordable communities where seniors can thrive," said Comerica Bank's Senior Vice President and Director of Community Development Banking Beatrice Kelly. "This vision became a reality through the strength of collaboration, resulting in another significant investment into the revitalization of the southern sector of Dallas." AHP funds are awarded through FHLB Dallas member institutions like Comerica and 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. "It is our commitment to advance community revitalization through the construction of high-quality housing, and this groundbreaking is a powerful example of our commitment in action," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "Supporting this project is about more than funding—it's about investing in the long-term resilience of our communities." In 2024, FHLB Dallas awarded $44.7 million in AHP General Fund grants to Texas-based affordable housing projects. The grants will help create 2,409 new or rehabilitated housing units. FHLB Dallas will announce 2025 grant awardees this fall. Learn more about the FHLB Dallas Affordable Housing Program. About Comerica Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion at March 31, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn. 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
24-06-2025
- Business
- Business Wire
FHLB Dallas and Comerica Celebrate Groundbreaking of New Senior Housing Project Supported by $2M Affordable Housing Program Grant
DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) joined Comerica Bank, Volunteers of America National Services and local dignitaries to break ground on a new senior housing project in Dallas, Texas, supported by a $2 million FHLB Dallas Affordable Housing Program (AHP) grant. The groundbreaking ceremony marks the start of construction on The Culbreath, a mixed-income affordable housing community, which will provide high-quality amenities and supportive services for elderly residents. The Culbreath is part of a massive revitalization of the Bonton neighborhood that surrounds the property. The Culbreath has a total of 364 units, with 90 percent of the units reserved for those at 60 percent of the median family income or below. 'This development is a strategic investment in long-term housing stability for seniors,' said Deborah Welchel, vice president of Real Estate Development in Texas at Volunteers of America National Services. 'Today's groundbreaking was made possible by strong partnerships and a shared commitment with DHA Housing Solutions for North Texas to preserving affordability in high-need communities.' The Culbreath will feature a swimming pool, a fully furnished clubhouse, fitness center, business center and staff offices, including an onsite Resident Coordinator, who will design programs and services to meet the needs of the community. 'The success of projects like The Culbreath goes beyond the construction of the development—it is about creating stable, safe and affordable communities where seniors can thrive,' said Comerica Bank's Senior Vice President and Director of Community Development Banking Beatrice Kelly. 'This vision became a reality through the strength of collaboration, resulting in another significant investment into the revitalization of the southern sector of Dallas.' AHP funds are awarded through FHLB Dallas member institutions like Comerica and 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. 'It is our commitment to advance community revitalization through the construction of high-quality housing, and this groundbreaking is a powerful example of our commitment in action,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'Supporting this project is about more than funding—it's about investing in the long-term resilience of our communities.' In 2024, FHLB Dallas awarded $44.7 million in AHP General Fund grants to Texas-based affordable housing projects. The grants will help create 2,409 new or rehabilitated housing units. FHLB Dallas will announce 2025 grant awardees this fall. Learn more about the FHLB Dallas Affordable Housing Program. About Comerica Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.6 billion at March 31, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn. 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
