Red River Bank and FHLB Dallas to Announce $450K Grant for Special-Needs Housing

9:00 a.m. Thursday, June 28, St. Mary’s Group Homes, 6715 Highway 1 North, Boyce

BOYCE, La.--()--Red River Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award a $450,000 Affordable Housing Program (AHP) grant to St. Mary’s Residential Training School (St. Mary’s), which serves developmentally disabled adults with severe or profound intellectual disabilities. The grant will be used to offset construction costs for six new group homes in the Alexandria, Louisiana, area.

The media is encouraged to join local dignitaries and bank representatives at a ground breaking and check presentation at 9:00 a.m. Thursday, June 28, 2018, at St. Mary’s Group Homes at 6715 Highway 1 North in Boyce.

FHLB Dallas annually returns 10 percent of its profits in the form of AHP grants to the communities served by its member institutions, like Red River Bank. 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.

St. Mary’s meets the needs of developmentally disabled individuals diagnosed with severe or profound intellectual disabilities in the Alexandria area. Each group home will contain eight individual living areas in addition to a laundry facility, community room, kitchen and handicap accessible bathrooms.

The grant to St. Mary’s was part of $7 million in AHP funds awarded in 2017 to 19 affordable housing projects. The grants will help create 1,108 new or rehabilitated housing units. Of this funding, Louisiana received $1.7 million for 113 units.

Since the inception of the AHP in 1990, FHLB Dallas has awarded more than $261 million in AHP and AHP-funded grants to assist more than 48,500 families.

For more information about the AHP, visit fhlb.com/ahp.

WHAT:

    Ground Breaking and Check Presentation
 

WHEN:

9:00 a.m. Thursday, June 28, 2018
 

WHO:

Hannah Livingston, Regional Director, Office of U.S. Senator John Kennedy, R-LA

Tommie Seaton, Regional Director, Office of U.S. Senator Bill Cassidy, R-LA

Tammie Salazar, Executive Vice President, Red River Bank

Jannease Seastrunk, Vice President, Community Relations and CRA Officer, Red River Bank

Christi Guillot, Administrator, St. Mary’s Residential Training School

Tamara McNulty, Director of Development, St. Mary’s Residential Training School

Mark Loya, Senior Affordable Housing Analyst, FHLB Dallas

 

WHERE:

St. Mary’s Group Homes
6715 Highway 1 North
Boyce, Louisiana 71409
 

Contacts

Federal Home Loan Bank of Dallas
Corporate Communications, 214-441-8445
fhlb.com

Release Summary

Red River Bank and FHLB Dallas will announce a $450K AHP grant to fund the construction of six new group homes for special-needs individuals in LA.

Contacts

Federal Home Loan Bank of Dallas
Corporate Communications, 214-441-8445
fhlb.com