AZLE, Texas--(BUSINESS WIRE)--A $500,000 Affordable Housing Program (AHP) grant to Adult and Teen Challenge of Texas from Frost Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) helped fund the expansion of a substance abuse recovery center in Azle, Texas.
The media is encouraged to join local dignitaries and bank representatives at a ribbon cutting ceremony at 11:00 a.m. Tuesday, July 9, at the Adult and Teen Challenge of Texas campus at 1099 Flat Rock Road in Azle.
FHLB Dallas annually returns 10 percent of its profits in the form of AHP grants to the communities served by its member institutions. AHP grants fund a variety of projects, including home rehabilitation and modifications for low-income, elderly and special-needs residents; down payment and closing cost assistance for qualified first-time homebuyers; and the construction of low-income, multifamily rental communities and single-family homes.
Since the inception of the AHP in 1990, FHLB Dallas has awarded more than $278 million in AHP and AHP-funded grants to assist more than 51,000 families.
For more information about the AHP, visit fhlb.com/ahp.
WHAT: |
Ribbon Cutting |
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WHEN: |
11:00 a.m. Tuesday, July 9, 2019 |
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WHO: |
Greg Ambroson, Director, Azle Campus, Adult and Teen Challenge of Texas |
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Dr. George Thomas, President, Adult and Teen Challenge of Texas |
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Sarah Baughman, Development and Operations Director, Adult and Teen Challenge of Texas |
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Steven Matkovich, Senior Affordable Housing Analyst, FHLB Dallas |
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WHERE: |
Adult and Teen Challenge of Texas |
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1099 Flat Rock Road |
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Azle, Texas 76020 |
