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