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Media Advisory: FHLB Dallas and Wells Fargo Award $850K for Rio Manor Apartments Renovation

***11:00 a.m., Friday, March 22, 600 West Cantu Road, Del Rio, Texas, 78840 ***

DEL RIO, Texas--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) at a groundbreaking ceremony for a 60-unit affordable apartment complex in Del Rio, Texas, on Friday. The project received an $850,000 Affordable Housing Program (AHP) grant from FHLB Dallas.

The AHP funds will be used for the reconstruction of Rio Manor Apartments, a 46-year-old multifamily apartment community. Twelve units will be added, as well as upgrades for energy efficiency and added ADA requirements and improving the community for residents. The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. The funds were awarded to Prospera Housing Community Services (Prospera) through Wells Fargo, an FHLB Dallas member institution.

The media is encouraged to attend the groundbreaking ceremony, which will include representatives from Wells Fargo, Rio Manor and Prospera.

Learn more about the Dallas FHLB Affordable Housing Program.

WHAT:

Groundbreaking Ceremony

 

 

WHEN:

11:00 a.m., Friday, March 22, 2024

 

 

WHO:

Erin Boyd, Wells Fargo Multi-Family Capital

 

 

 

Jacque Woodring, Prospera Housing Community Services

 

 

 

Angela Jacquez, Prospera Housing Community Services

 

 

 

Bradford McMurray, Prospera Housing Community Services

 

 

 

Rogelio Granado, Prospera Housing Community Services

 

 

 

Cindy Marquez, Prospera Housing Community Services

 

 

 

Kimberly Chenevert, Prospera Housing Community Services

 

 

 

James Butcher, Prospera Housing Community Services

 

 

 

Giselle Britt, Prospera Housing Community Services

 

 

 

Mercedes G. Ruiz, Rio Manor Property Manager

 

 

 

Aranya De Sola, Prospera Housing Community Services

 

 

 

Jorge Trillo, Prospera Housing Community Services

 

 

WHERE:

600 West Cantu Road, Del Rio, Texas, 78840

 

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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