Historic Building Reopens as Senior Housing Complex

12:30 p.m. Wednesday, May 4; 5909 St. Claude Avenue, New Orleans, Louisiana

NEW ORLEANS--(BUSINESS WIRE)--Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $250,000 in Affordable Housing Program (AHP) funds to renovate a mixed-use facility and historical school building into 25 rental units for residents that are age 55 and older. The facility will also feature exhibition space dedicated to the history of New Orleans, Louisiana’s, public school desegregation and civil rights.

The funds were awarded to the Leona Tate Foundation for Change to renovate the former McDonogh 19 school building as the Tate Etienne and Prevost Center in New Orleans.

The media is encouraged to join organization and bank representatives at the grand opening at 12:30 p.m. Wednesday, May 4, 2022, at the Tate Etienne and Prevost Center at 5909 St. Claude Avenue in New Orleans, Louisiana.

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:	Ribbon cutting and grand opening
WHEN:	12:30 p.m. Wednesday, May 4, 2022
WHO:	Kelvin Luster, Senior Vice President and Community Development Director, Home Bank
	George Dupuy, Senior Commercial Relationship Manager, Home Bank
	Leona Tate, Founder and Executive Director, Tate Etienne and Prevost Center
	Jonathan Leit, Director, Alembic Community Development
	Marc Morial, President and CEO, National Urban League
	Steven Matkovich, Affordable Housing Rental Project Manager, FHLB Dallas
WHERE:	Tate Etienne and Prevost Center
	5909 St. Claude Avenue
	New Orleans, Louisiana 70117