DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that, in partnership with its member financial institutions, it has awarded nearly $7.8 million in Affordable Housing Program (AHP) grants to 27 projects, primarily within its five-state District.
FHLB Dallas annually returns 10 percent of its profits in the form of AHP grants to the communities served by its member institutions. AHP funding is utilized for 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.
“FHLB Dallas’ member institutions are an integral part of affordable housing development in their communities,” said FHLB Dallas President and CEO Sanjay Bhasin. “Their membership in the Bank opens the door to the AHP and other grant programs that annually provide millions of dollars for housing in our District.”
The 2016 grants will result in the creation or rehabilitation of 1,499 housing units within FHLB Dallas’ District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas, as well as one state outside of FHLB Dallas’ District in which its members do business.
Below is the complete, state-by-state list of the 2016 AHP grant recipients. For more information about the 2016 AHP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com.
| Arkansas $273,000 for 39 units |
| Hot Springs |
| Member: Bank of the Ozarks |
| Sponsor: Garland County Habitat for Humanity |
| Grant: $49,000 for 7 Owner units |
| Hot Springs National Park |
| Member: BancorpSouth Bank |
| Sponsor: McGrew Properties |
| Grant: $224,000 for 32 Rental units |
| Louisiana $2,462,000 for 343 units |
| Alexandria |
| Member: BancorpSouth Bank |
| Sponsor: Re-Entry Solutions |
| Grant: $488,000 for 61 Rental units |
| Convent |
| Member: Home Federal Bank |
| Sponsor: St. James Parish Housing Authority |
| Grant: $252,000 for 36 Rental units |
| Member: Home Federal Bank |
| Sponsor: St. James Parish Housing Authority |
| Grant: $210,000 for 30 Rental units |
| Lake Charles |
| Member: First Federal Bank of Louisiana |
| Sponsor: Habitat for Humanity-Calcasieu Area, Inc. |
| Grant: $22,000 for 2 Owner units |
| New Orleans |
| Member: Fifth District Savings Bank |
| Sponsor: New Orleans Mission |
| Grant: $500,000 for 80 Rental units |
| Member: Whitney Bank |
| Sponsor: Project Homecoming Inc. |
| Grant: $70,000 for 10 Owner units |
| Opelousas |
| Member: St. Landry Homestead Federal Savings Bank |
| Sponsor: Opelousas Lighthouse Mission |
| Grant: $500,000 for 64 Rental units |
| Winnfield |
| Member: First Bank & Trust |
| Sponsor: H.Y. Bell Apartments, Inc. |
| Grant: $420,000 for 60 Rental units |
| Mississippi $1,643,500 for 305 units |
| Bay Saint Louis |
| Member: BancorpSouth Bank |
| Sponsor: Habitat for Humanity Bay Waveland Area |
| Grant: $98,000 for 14 Owner units |
| Member: The First, A National Banking Association |
| Sponsor: Hancock Resource Center |
| Grant: $240,000 for 30 Owner units |
| Columbus |
| Member: Renasant Bank |
| Sponsor: City of Columbus, Office of Federal Programs |
| Grant: $105,000 for 15 Owner units |
| Greenville |
| Member: Planters Bank & Trust Company |
| Sponsor: Greater Greenville Housing - Revitalization |
| Grant: $224,000 for 32 Rental units |
| Jackson |
| Member: BancorpSouth Bank |
| Sponsor: Corporation for Global Community Development |
| Grant: $212,500 for 25 Rental units |
| Member: First Commercial Bank |
| Sponsor: Jackson Housing Authority |
| Grant: $500,000 for 152 Rental units |
| Lucedale |
| Member: Community Bank, Coast |
| Sponsor: George/Greene Habitat for Humanity |
| Grant: $84,000 for 12 Owner units |
| Vicksburg |
| Member: BancorpSouth Bank |
| Sponsor: City of Vicksburg |
| Grant: $180,000 for 25 Owner units |
| New Mexico $1,287,000 for 278 units |
| Santa Fe |
| Member: New Mexico Bank & Trust |
| Sponsor: Santa Fe Civic Housing Authority |
| Grant: $500,000 for 121 Rental units |
| Member: Los Alamos National Bank |
| Sponsor: Santa Fe Civic Housing Authority |
| Grant: $500,000 for 116 Rental units |
| Santo Domingo Pueblo |
| Member: Century Bank |
| Sponsor: Santo Domingo Tribal Housing Authority |
| Grant: $287,000 for 41 Rental units |
| Texas $2,000,000 for 520 units |
| Corpus Christi |
| Member: Frost Bank |
| Sponsor: The Salvation Army |
| Grant: $500,000 for 220 Rental units |
| Fort Worth |
| Member: Texas Capital Bank, N.A. |
| Sponsor: Presbyterian Night Shelter, Tarrant County |
| Grant: $500,000 for 160 Rental units |
| Groesbeck |
| Member: Home Federal Bank |
| Sponsor: Groesbeck Housing Authority |
| Grant: $500,000 for 80 Rental units |
| San Antonio |
| Member: Frost Bank |
| Sponsor: Adult & Teen Challenge of Texas |
| Grant: $500,000 for 60 Rental units |
| Out of District $128,000 for 14 units |
| Fort Walton Beach |
| Member: BancorpSouth Bank |
| Sponsor: Community Solutions of the Emerald Coast Inc. |
| Grant: $100,000 for 10 Rental units |
| Santa Rosa Beach |
| Member: BancorpSouth Bank |
| Sponsor: Habitat for Humanity of Walton County, FL |
| Grant: $28,000 for 4 Owner units |
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 $54.4 billion as of June 30, 2016, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit our website at fhlb.com.
