-

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

More News From Federal Home Loan Bank of Dallas

FHLB Dallas and Community Bank of Mississippi Award $150K Grant to Mission First Inc. in Jackson, Mississippi

JACKSON, Miss.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Community Bank of Mississippi (Community Bank), awarded a $150,000 Pathway Fund grant to Mission First Inc. (Mission First) to help expand services to accessible, affordable legal aid in Hinds, Madison and Rankin counties in Mississippi. The grant, awarded today during a ceremonial check presentation at Community Bank’s offices in Jackson, Mississippi, will help Mission First assist homeowner...

$150K Grant from FHLB Dallas and Community Bank of Mississippi to Assist North Mississippi Rural Legal Services to Help Homeowners Resolve Property Titles

TUPELO, Miss.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Community Bank of Mississippi, awarded a $150,000 Pathway Fund grant to North Mississippi Rural Legal Services (NMRLS) to help address homeownership title issues. “This funding will allow us to reach more people who otherwise would have no access to legal help,” said Ben Thomas Cole II, executive director of NMRLS. NMRLS is a nonprofit that provides civil legal representation to low-income hom...

Mississippi Center for Legal Services Receives $150K Grant from FHLB Dallas and Community Bank of Mississippi to Support Housing Stability and Legal Aid

HATTIESBURG, Miss.--(BUSINESS WIRE)--Mississippi families will have a better chance to keep their homes and land thanks to a $150,000 grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Community Bank of Mississippi to the Mississippi Center for Legal Services (MCLS). The funding will provide critical legal assistance to low-income residents struggling with heirs’ property issues, which occur when property lacks a clear title. ”This grant will allow us to expand our outreach,” sai...
Back to Newsroom