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Media Advisory: Grand Opening Celebration of Senior Housing in Gravette, Arkansas

***1:00 p.m., Tuesday, June 24, 501 Dallas Street SW, Gravette, Arkansas 72736***

GRAVETTE, Ark.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Arvest Bank will join Upward Housing and city dignitaries for a ceremonial ribbon cutting and grand opening celebration for Spavinaw Creek Senior Housing, an affordable housing development, at 1:00 p.m., Tuesday, June 24, 2025.

FHLB Dallas and Arvest Bank awarded Upward Housing a $1 million Affordable Housing Program (AHP) grant toward the construction of the $7.3 million rental complex for residents ages 55 and older.

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FHLB Dallas and Arvest Bank awarded Upward Housing a $1 million Affordable Housing Program (AHP) grant toward the construction of the $7.3 million rental complex for residents ages 55 and older. The one- and two-bedroom apartments are reserved for residents with incomes that are 30 percent to 60 percent of the area’s median income.

The media is encouraged to attend the ceremonial ribbon cutting event and tour.

Learn more about the AHP.

WHAT:

   

Grand opening celebration and tour

     

 

WHEN:

   

1:00 p.m., Tuesday, June 24, 2025

     

 

WHO: 

   

Virgil Miller, Arvest Bank

     

Jim Singleton, Arvest Bank

     

Mark Darst, Upward Housing

     

Karen Benson, City of Gravette

     

Bruce Hatton, FHLB Dallas

     

                       

WHERE: 

   

Spavinaw Senior Housing

     

501 Dallas Street SW

     

Gravette, Arkansas 72736

 

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445

Industry:

Federal Home Loan Bank of Dallas

Release Versions
English
Hashtags
#affordablehousing

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445

Social Media Profiles
@FHLBDallas
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