Affordable Housing Nonprofit Celebrates Ribbon Cutting for New Low-Income Housing

11:00 a.m. Friday, May 17; 617 Hobson Street, Houma

HOUMA, La.--()--New low-income rental homes for families in Terrebonne Parish, Louisiana, will be available to the community thanks to $1.2 million in Affordable Housing Program (AHP) funds awarded by Synergy Bank and the Federal Home Loan Bank of Dallas. Join Options for Independence, the nonprofit that received the grant, and bank and project representatives at a home dedication and ribbon cutting ceremony at 11:00 a.m. Friday, May 17, 2019.

The event will be held at 617 Hobson Street in Houma, the site of the first of 12 homes to be completed. The media is encouraged to attend.

Options for Independence, which provides behavioral health services and resources for youth, families and communities, celebrated the initial groundbreaking for home construction in March. AHP funds assist FHLB Dallas members, such as Synergy Bank, in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing, as well as housing for homeless individuals in their community. Since the AHP’s inception in 1990, FHLB Dallas has awarded more than $278 million in AHP and AHP set-aside programs, such as HELP and SNAP, to assist more than 51,000 households.

For more information about the AHP, visit



Ribbon Cutting and Home Dedication


11:00 a.m. Friday, May 17, 2019


Gordon Dove, President, Terrebonne Parish Consolidated Government

Larry Soraparu, Jr., Councilman-at-Large, St. John the Baptist Parish

Jerry Ledet, Jr., President and CEO, Synergy Bank

Angel Rodrigue, Vice President, Synergy Bank

Barry Chauvin, President and CEO, Options for Independence

Greg Hettrick, First Vice President, Director of Community Investment, FHLB Dallas



617 Hobson Street
Houma, Louisiana 70360


Corporate Communications
Federal Home Loan Bank of Dallas
(214) 441-8445


Corporate Communications
Federal Home Loan Bank of Dallas
(214) 441-8445