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Media Advisory: FHLB Dallas, Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark Bank to Award Nearly $4M in Affordable Housing Funds to Gulf Coast Housing Partnership

***11:00 a.m., Thursday, January 25, 1300 Oretha Castle Haley Blvd., New Orleans, Louisiana 70113***

NEW ORLEANS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), Home Bank, Red River Bank, Trustmark Bank and Fifth District Savings Bank will present $3.98 million in Affordable Housing Program (AHP) funds to support Gulf Coast Housing Partnership with building seven Affordable Housing Program projects.

The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. The funds will help create 2,677 new or rehabilitated housing units, including more than $6.5 million for 575 units in Louisiana. For more information about the AHP, visit fhlb.com/ahp.

The AHP funds will be used for seven projects:

  • The H3C Apartments Project, Fifth District Savings Bank ($850,000)
    A 92-unit senior (55+) multifamily housing development in New Orleans, Louisiana

  • Village at the Beverly III, Trustmark Bank ($450,000)
    A 30-unit multifamily housing development in Hattiesburg, Mississippi

  • Phoenix Square Two, Fifth District Savings Bank ($330,000)
    A 22-unit multifamily housing development in Hammond, Louisiana

  • Phoenix Square Three, Fifth District Savings Bank ($360,000)
    A 24-unit multifamily housing development in Hammond, Louisiana

  • Howell Village Grand Family, Red River Bank ($750,000)
    A 59-unit multifamily housing development in Baton Rouge, Louisiana

  • Howell Village Senior, Red River Bank ($850,000)
    A 72-unit multifamily housing development in Baton Rouge, Louisiana

  • Banneker Community, Home Bank ($435,000)
    A proposed development of 29 single-family homes in Jefferson Parish, Louisiana

The media is encouraged to attend the ceremonial check presentation at the H3C Apartments, which will include representatives from the banks.

Visit fhlb.com/ahp for more information.

WHAT:

 

Check presentation

 

 

 

WHEN:

 

11:00 a.m., Thursday, January 25, 2024

 

 

 

WHO:

 

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

 

 

 

 

 

Kelvin Luster, Senior Vice President, Community Development Director, Home Bank

 

 

 

 

 

Brian North, President and CEO, Fifth District Savings Bank

 

 

 

 

 

Kathy Laborde, President and CEO, Gulf Coast Housing Partnership

 

 

 

 

 

Bruce Hatton, Community Marketing and Outreach Manager, FHLB Dallas

 

 

 

 

 

Melanie Dill, Community Development and AHP Rental Manager, FHLB Dallas

 

 

 

WHERE:

 

H3C Apartments, 1300 Oretha Castle Haley Boulevard, New Orleans, Louisiana, 70113

 

Contacts

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

Industry:

Federal Home Loan Bank of Dallas

Release Versions
English

Contacts

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

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