CONWAY, Ark.--(BUSINESS WIRE)--BancorpSouth Bank, a division of Cadence Bank, and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $750,000 in Affordable Housing Program (AHP) funds to construct a 42-unit facility that serves men 21 and up, who are recovering from substance abuse.
The funds were awarded to Renewal Ranch, a faith-based residential addiction recovery program for men located on 116 acres near Conway, Arkansas.
The media is encouraged to join organization and bank representatives for the check presentation at 11:00 a.m. Tuesday, February 22, 2022, at BancorpSouth Bank, 126 East Oak Street in Conway, Arkansas.
AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing, and housing for homeless individuals. In 2021, FHLB Dallas awarded $18.5 million in subsidies to 26 affordable housing projects to help create or rehabilitate 2,113 housing units. For more information about AHP, visit fhlb.com/ahp.
WHAT: |
Check Presentation |
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WHEN: |
11:00 a.m. Tuesday, February 22, 2022 |
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WHO: |
James A. Loy, Executive Director, Renewal Ranch |
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Buffy Murphy, Vice President, Regional CRA Specialist, BancorpSouth Bank and Cadence Bank |
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Elizabeth Jewell, Senior Affordable Housing Analyst, FHLB Dallas |
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WHERE: |
BancorpSouth Bank |
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126 East Oak Street |
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Conway, Arkansas 72032 |
