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Media Advisory: Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $1.5M for Senior Housing

***1:30 p.m., Thursday, March 21, 1301 Stephanie Road SE, Rio Rancho, NM, 87124 ***

RIO RANCHO, N.M.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) tomorrow at a groundbreaking ceremony for Felician Village II, a three-story, 66-unit housing development for those 55 and older. FHLB Dallas awarded the project a $1.5 million in Affordable Housing Program (AHP) grant to be used for construction.

The proposed development will add much-needed affordable housing and will give preference to active and retired military. The funds, which were awarded through FHLB Dallas member, Wells Fargo, are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023.

The media is encouraged to attend the groundbreaking ceremony at Felician Village, which will include representatives from the City of Rio Rancho, FHLB Dallas and CC Housing, a division of Catholic Charities. Learn more about the AHP.

WHAT:

Groundbreaking ceremony

 

 

WHEN:

1:30 p.m., Thursday, March 21, 2024

 

 

WHO:

Diana Barrett, Catholic Charities

 

 

 

Delores Nunez, Catholic Charities

 

 

 

Edgar Burciaga, FHLB Dallas

 

 

 

Adam Saber, CC Housing, Inc.

 

 

 

Tim Baker, Chelsea Investment Corporation

 

 

 

Isadoro Hernandez, New Mexico Mortgage Finance Authority

 

 

WHERE:

1301 Stephanie Road SE, Rio Rancho, NM, 87124

 

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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