FHLB Dallas and First National Bank Texas Celebrate Groundbreaking of Affordable Housing Community in Los Lunas, New Mexico

Plaza Luna Lofts Will Focus on Adults 55 and Older

LOS LUNAS, N.M.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), First National Bank Texas (FNBT), NewLife Homes Inc. and local leaders today celebrated the groundbreaking of Plaza Luna Lofts, a housing development in Los Lunas, New Mexico, that will create 57 affordable apartment homes for adults 55 years and older. Supported in part by a $1.4 million Affordable Housing Program (AHP) grant, the project will expand housing options in a rapidly growing community, strengthening long‑term housing stability for older residents.

“Plaza Luna Lofts is a meaningful step forward in ensuring that Los Lunas residents have access to high‑quality, affordable housing,” said NewLife Homes Inc. Executive Director John Bloomfield. “This project was made possible through collaborative partnerships and a shared vision for supporting the long‑term well‑being of our older residents.”

The $1.4 million AHP grant was awarded through FNBT, an FHLB Dallas member institution.

“The FHLB Dallas AHP grant allows us to expand and extend our support for impactful housing initiatives across the communities we serve,” said FNBT Community Development Manager Jeremy Munden. “Developments like this ensure that residents who are 55 or older have access to affordable homes, which strengthens the long-term health of our neighborhoods.”

AHP funds are awarded through FHLB Dallas member institutions and assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.

“This project is a clear example of how the AHP strengthens housing security for communities across our District,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “By helping to finance Plaza Luna Lofts, we’re supporting the long‑term resilience and stability of the Los Lunas community.”

Learn more about the FHLB Dallas Affordable Housing Program.

About First National Bank Texas
First National Bank Texas (FNBT) and its divisions First Convenience Bank, First Community Mortgage and First Heroes National Bank, remain dedicated to building strong financial futures for our customers, employees and the communities that we serve. Our bank was originally founded in 1901 in the Central Texas town of Killeen, only 19 years after the city was established. From our humble beginnings, we have grown to over $4.5 billion in assets and now operate over 350 branches located throughout Texas, Arizona, Arkansas and New Mexico.

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 $97.1 billion as of March 31, 2026, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 780 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.