Arvest Bank and the Federal Home Loan Bank of Dallas Celebrate $15K Donation to Assist Affordable Housing Nonprofit

LITTLE ROCK, Ark.--(BUSINESS WIRE)--The University District Development Corp. (UDDC) received a $15,000 donation from Arvest Bank today during a ceremonial check presentation of CARE Award funds that were awarded through the Federal Home Loan Bank of Dallas (FHLB Dallas).

FHLB Dallas recognized Arvest Bank earlier this year as a Community Area Revitalization Efforts (CARE) Award recipient for its use of FHLB Dallas community investment programs. The recognition included $15,000 to be donated to the recipient’s nonprofit of choice.

“We are honored to receive this award from Arvest Bank and FHLB Dallas and consider it positive recognition for the work we’re doing in University District neighborhoods to increase the supply of affordable housing,” said Barrett Allen, executive director of UDDC.

Arvest was honored for its use of several FHLB Dallas programs, including the Special Needs Assistance Program, which provides grants for the repair and rehabilitation for homeowners who are elderly, disabled or have other special needs; and the Affordable Housing Program, which provides funds for single-family and multifamily housing.

“We’ve supported UDDC for many years and are thrilled to be able to donate our CARE Award to them for the impactful work they are doing to provide affordable housing in the University District neighborhoods,” said Arvest Group CRA Director Virgil Miller.

Experience the full story behind Arvest’s CARE Award in this video.

“Arvest Bank doesn’t just tap into one or two FHLB Dallas community programs,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “It uses most of our community programs and as a result has a positive impact on many lives.”

About Arvest Bank

With more than $26 billion in assets, Arvest Bank is a community-based financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma. Established in 1961, Arvest Bank is committed to meeting the needs of its more than 830,000 retail and business customer households by continually investing in the digital tools and services customers expect. Its extensive network of more than 200 banking locations provides loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing as a part of its growing list of digital services. Arvest is known for its commitment to the communities it serves and to attracting, hiring and retaining a diverse group of talented people. Arvest is an Equal Housing Lender and Member FDIC. To learn more please visit www.arvest.com.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $125.1 billion as of March 31, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.