-

Media Advisory: Cadence Bank and FHLB Dallas Celebrate Opening of Affordable Apartments Helped by $750K Subsidy

***10:00 a.m. Saturday, October 28, Renewal Ranch, 75 Lake Drive, Houston, Arkansas, 72070***

HOUSTON, Ark.--(BUSINESS WIRE)--Representatives from Cadence Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will celebrate the completion and dedication of two new residential buildings at Renewal Ranch, a faith-based residential addiction recovery program for men ages 21 and older. Located on Renewal Ranch’s Houston, Arkansas, campus, the new apartments will house participants promoted to the final phase of the rehabilitation program, replacing apartments located several miles away in Conway, Arkansas.

FHLB Dallas provided a $750,000 Affordable Housing Program (AHP) subsidy through its member, Cadence Bank. AHP funds are awarded through FHLB Dallas member institutions to assist members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing. The new facilities will provide housing for 40 men who are overcoming substance abuse issues.

The media is invited.

WHAT: Dedication of new residential complex at Renewal Ranch

WHEN: 10:00 a.m., Saturday, October 28, 2023

WHO:

  • Conway, Arkansas Mayor Bart Castleberry
  • Conway County Judge Allen Dodson
  • Faulkner County Judge Charles Clawson
  • Perry County Judge Larry Blackmon
  • Perryville Mayor John Roland
  • Tom Nelson, Cadence Bank
  • Bruce Hatton, FHLB Dallas

WHERE: Renewal Ranch, 75 Lake Drive, Houston, Arkansas, 72070

Contacts

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

Industry:

Federal Home Loan Bank of Dallas

Release Versions
English
Hashtags
#affordablehousing

Contacts

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

Social Media Profiles
@FHLBDallas
More News From Federal Home Loan Bank of Dallas

$15K Grant from FHLB Dallas and WestStar Expands Financial Education Programming in Southwest New Mexico

LAS CRUCES, N.M.--(BUSINESS WIRE)--A $15,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas (FHLB Dallas) and its member WestStar will strengthen United Way of Southwest New Mexico’s ability to deliver financial education and empower families across the region. The funds are part of $1.8 million in PGP funds awarded in 2026 by FHLB Dallas and members in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas made the announ...

The Federal Home Loan Bank of Dallas and WestStar Bank Award $63K to Las Cruces, New Mexico, and El Paso, Texas, Nonprofits

EL PASO, Texas--(BUSINESS WIRE)--Five organizations from the Las Cruces, New Mexico-El Paso, Texas, area received a combined $63,000 from the Federal Home Loan Bank of Dallas’ (FHLB Dallas) Partnership Grant Program (PGP), part of more than $1.8 million awarded across FHLB Dallas’ five-state region. The West Texas and New Mexico awards were celebrated today in El Paso, Texas, as FHLB Dallas marked the program’s 30th anniversary. The grants were awarded in partnership with WestStar Bank, an FHLB...

$3K Grant from FHLB Dallas and Southern Bancorp Supports Nonprofit Guiding Arkansas Youth to College

LITTLE ROCK, Ark.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and its member Southern Bancorp provided a $3,000 Partnership Grant Program (PGP) award that will help Mamás Unidas LR expand its work helping Arkansas youth pursue education after high school. The funds are part of $1.8 million in PGP funds awarded in 2026 by FHLB Dallas and members in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas, and will enable Mamás Unidas LR to hire a...
Back to Newsroom