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Renewal Ranch to Celebrate $750K Subsidy at Check Presentation

***11:00 a.m. Tuesday, February 22; 126 East Oak Street, Conway, Arkansas***

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

 

 

WHEN:

11:00 a.m. Tuesday, February 22, 2022

 

 

WHO:

James A. Loy, Executive Director, Renewal Ranch

 

Buffy Murphy, Vice President, Regional CRA Specialist, BancorpSouth Bank and Cadence Bank

 

Elizabeth Jewell, Senior Affordable Housing Analyst, FHLB Dallas

 

 

WHERE:

BancorpSouth Bank

 

126 East Oak Street

 

Conway, Arkansas 72032

 

Contacts

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

Industry:

Federal Home Loan Bank of Dallas

Release Summary
Renewal Ranch will be joined by BancorpSouth Bank and FHLB Dallas to celebrate a $750K AHP subsidy at a check presentation in Conway, Arkansas.
Release Versions
English

Contacts

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

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