***11:00 a.m., Thursday, January 25, 1300 Oretha Castle Haley Blvd., New Orleans, Louisiana 70113***
The Federal Home Loan Bank of Dallas (FHLB Dallas), Home Bank, Red River Bank, Trustmark Bank and Fifth District Savings Bank will present $3.98 million in Affordable Housing Program (AHP) funds to support Gulf Coast Housing Partnership with building seven Affordable Housing Program projects.
The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. The funds will help create 2,677 new or rehabilitated housing units, including more than $6.5 million for 575 units in Louisiana. For more information about the AHP, visit fhlb.com/ahp.
The AHP funds will be used for seven projects:
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The H3C Apartments Project, Fifth District Savings Bank ($850,000)
A 92-unit senior (55+) multifamily housing development in New Orleans, Louisiana
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Village at the Beverly III, Trustmark Bank ($450,000)
A 30-unit multifamily housing development in Hattiesburg, Mississippi
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Phoenix Square Two, Fifth District Savings Bank ($330,000)
A 22-unit multifamily housing development in Hammond, Louisiana
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Phoenix Square Three, Fifth District Savings Bank ($360,000)
A 24-unit multifamily housing development in Hammond, Louisiana
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Howell Village Grand Family, Red River Bank ($750,000)
A 59-unit multifamily housing development in Baton Rouge, Louisiana
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Howell Village Senior, Red River Bank ($850,000)
A 72-unit multifamily housing development in Baton Rouge, Louisiana
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Banneker Community, Home Bank ($435,000)
A proposed development of 29 single-family homes in Jefferson Parish, Louisiana
The media is encouraged to attend the ceremonial check presentation at the H3C Apartments, which will include representatives from the banks.
Visit fhlb.com/ahp for more information.
WHAT: |
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Check presentation |
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WHEN: |
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11:00 a.m., Thursday, January 25, 2024 |
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WHO: |
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Jannease Seastrunk, Senior Vice President, Community Relations and CRA, Red River Bank |
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Kelvin Luster, Senior Vice President, Community Development Director, Home Bank |
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Brian North, President and CEO, Fifth District Savings Bank |
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Kathy Laborde, President and CEO, Gulf Coast Housing Partnership |
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Bruce Hatton, Community Marketing and Outreach Manager, FHLB Dallas |
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Melanie Dill, Community Development and AHP Rental Manager, FHLB Dallas |
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WHERE: |
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H3C Apartments, 1300 Oretha Castle Haley Boulevard, New Orleans, Louisiana, 70113 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240122915653/en/
Contacts
Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445
